Independent Wealth Network Inc. Sells 4,275 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Independent Wealth Network Inc. trimmed its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,334 shares of the company’s stock after selling 4,275 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 2.9% of Independent Wealth Network Inc.’s portfolio, making the stock its 4th largest holding. Independent Wealth Network Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $11,488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth about $26,000. Financial Life Planners purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at approximately $27,000. Indiana Trust & Investment Management Co purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at approximately $27,000. Evelyn Partners Asset Management Ltd acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the first quarter valued at approximately $35,000. Finally, Archer Investment Corp lifted its position in SPDR Portfolio S&P 500 Growth ETF by 527.9% during the first quarter. Archer Investment Corp now owns 383 shares of the company’s stock valued at $38,000 after buying an additional 322 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.1%

SPYG traded up $1.32 during trading on Monday, hitting $121.57. 885,697 shares of the company’s stock were exchanged, compared to its average volume of 3,708,490. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $93.61 and a 1 year high of $127.13. The stock has a 50 day moving average price of $122.19 and a 200 day moving average price of $117.68. The firm has a market cap of $56.23 billion, a P/E ratio of 32.28 and a beta of 1.17.

SPDR Portfolio S&P 500 Growth ETF 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.