Rede Wealth LLC Makes New $2.80 Million Investment in SPDR Portfolio S&P 500 Growth ETF $SPYG

Rede Wealth LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,193 shares of the company’s stock, valued at approximately $2,795,000. SPDR Portfolio S&P 500 Growth ETF comprises 1.0% of Rede Wealth LLC’s holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPYG. Vantagepoint Investment Advisers LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the third quarter worth about $469,042,000. Envestnet Asset Management Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% during the third quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after purchasing an additional 754,395 shares during the period. Miracle Mile Advisors LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 3,540.8% during the third quarter. Miracle Mile Advisors LLC now owns 708,945 shares of the company’s stock worth $74,092,000 after purchasing an additional 689,473 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth about $62,891,000. Finally, Corient Private Wealth LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 64.3% during the second quarter. Corient Private Wealth LLC now owns 1,511,508 shares of the company’s stock worth $144,077,000 after purchasing an additional 591,474 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Price Performance

NYSEARCA SPYG opened at $105.75 on Tuesday. The firm has a market cap of $45.62 billion, a P/E ratio of 32.28 and a beta of 1.15. The stock’s 50-day moving average is $102.32 and its 200-day moving average is $104.90. SPDR Portfolio S&P 500 Growth ETF has a one year low of $73.51 and a one year high of $109.63.

About SPDR Portfolio S&P 500 Growth ETF

SPDR S&P 500 Growth ETF (the Fund), formerly SPDR Dow Jones Large Cap Growth ETF, focuses to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The SPDR S&P 500 Growth ETF matches the returns and characteristics of the S&P 500 Growth Index (the Index). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.