Axxcess Wealth Management LLC Boosts Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Axxcess Wealth Management LLC raised its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 809.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,297 shares of the company’s stock after purchasing an additional 42,094 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $4,157,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPYG. BankPlus Trust Department purchased a new position in SPDR Portfolio S&P 500 Growth ETF during the fourth quarter worth about $25,000. Brown Brothers Harriman & Co. purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth about $36,000. Valued Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the fourth quarter worth approximately $41,000. Urban Financial Advisory Corp purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter valued at approximately $45,000. Finally, West Branch Capital LLC increased its position in SPDR Portfolio S&P 500 Growth ETF by 916.1% during the fourth quarter. West Branch Capital LLC now owns 569 shares of the company’s stock worth $50,000 after purchasing an additional 513 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Down 1.7 %

Shares of SPYG opened at $80.96 on Wednesday. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $68.48 and a fifty-two week high of $92.76. The company’s fifty day moving average is $88.24 and its two-hundred day moving average is $86.29. The firm has a market cap of $30.74 billion, a PE ratio of 29.52 and a beta of 1.08.

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).