Gibbs Wealth Management Buys 225,437 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Gibbs Wealth Management grew its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 133.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 393,753 shares of the company’s stock after acquiring an additional 225,437 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises 5.1% of Gibbs Wealth Management’s portfolio, making the stock its biggest position. Gibbs Wealth Management owned about 0.09% of SPDR Portfolio S&P 500 Growth ETF worth $38,552,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its position in SPDR Portfolio S&P 500 Growth ETF by 95.9% in the fourth quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock valued at $1,730,624,000 after purchasing an additional 7,939,766 shares during the period. Allworth Financial LP increased its stake in SPDR Portfolio S&P 500 Growth ETF by 8.7% during the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after buying an additional 990,106 shares during the period. Valpey Financial Services LLC increased its position in shares of SPDR Portfolio S&P 500 Growth ETF by 8,907.1% during the fourth quarter. Valpey Financial Services LLC now owns 689,133 shares of the company’s stock worth $73,530,000 after acquiring an additional 681,482 shares during the last quarter. Stifel Financial Corp grew its stake in SPDR Portfolio S&P 500 Growth ETF by 63.8% during the 4th quarter. Stifel Financial Corp now owns 1,729,269 shares of the company’s stock valued at $184,514,000 after purchasing an additional 673,790 shares in the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 81.4% during the 4th quarter. Benjamin Edwards Inc. now owns 1,342,569 shares of the company’s stock valued at $143,254,000 after buying an additional 602,485 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPYG stock opened at $115.65 on Friday. The firm has a fifty day moving average of $118.21 and a two-hundred day moving average of $110.29. The firm has a market cap of $51.01 billion, a P/E ratio of 32.28 and a beta of 1.17. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $93.61 and a 1-year high of $122.92.

SPDR Portfolio S&P 500 Growth ETF Company Profile

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.