Granville Capital Inc. Purchases 240,723 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Granville Capital Inc. acquired a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the third quarter, Holdings Channel reports. The firm acquired 240,723 shares of the company’s stock, valued at approximately $29,628,000. SPDR Portfolio S&P 500 Growth ETF makes up approximately 11.7% of Granville Capital Inc.’s portfolio, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vantagepoint Investment Advisers LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the third quarter valued at $527,447,000. The Manufacturers Life Insurance Company purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 2nd quarter valued at about $375,859,000. Commonwealth Equity Services LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at about $241,863,000. AlphaStar Capital Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at about $176,278,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 10.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,489,431 shares of the company’s stock valued at $1,129,147,000 after acquiring an additional 903,774 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.7%

Shares of SPYG opened at $116.18 on Thursday. The company has a market cap of $54.15 billion, a PE ratio of 32.28 and a beta of 1.17. The stock has a 50-day moving average price of $120.89 and a 200-day moving average price of $114.50. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $93.61 and a 12-month high of $127.13.

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.