Independent Wealth Network Inc. Cuts Stock Position in SPDR Portfolio S&P 500 Growth ETF $SPYG

Independent Wealth Network Inc. trimmed its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 20.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,810 shares of the company’s stock after selling 25,440 shares during the period. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 2.9% of Independent Wealth Network Inc.’s holdings, making the stock its 4th biggest position. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $9,675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $25,000. United Financial Planning Group LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth approximately $25,000. Financial Life Planners acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the third quarter worth approximately $26,000. Hantz Financial Services Inc. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 583.8% in the 4th quarter. Hantz Financial Services Inc. now owns 253 shares of the company’s stock worth $27,000 after buying an additional 216 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth approximately $29,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG opened at $115.53 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $93.47 and a 12 month high of $122.92. The stock has a market cap of $50.91 billion, a P/E ratio of 32.28 and a beta of 1.17. The stock’s 50 day moving average price is $116.50 and its 200 day moving average price is $108.75.

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.