Power Wealth Management LLC Makes New Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Power Wealth Management LLC purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,929 shares of the company’s stock, valued at approximately $1,297,000. SPDR Portfolio S&P 500 Growth ETF accounts for about 0.9% of Power Wealth Management LLC’s portfolio, making the stock its 25th largest position.

A number of other large investors have also recently modified their holdings of the business. FinTrust Capital Advisors LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 29.1% in the third quarter. FinTrust Capital Advisors LLC now owns 4,436 shares of the company’s stock valued at $263,000 after buying an additional 1,000 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 21.4% in the third quarter. Independent Advisor Alliance now owns 6,237 shares of the company’s stock worth $370,000 after acquiring an additional 1,098 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 9.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 34,301 shares of the company’s stock valued at $2,033,000 after purchasing an additional 3,038 shares in the last quarter. Legacy Financial Group LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter valued at approximately $41,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 26,980.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,574,308 shares of the company’s stock valued at $152,605,000 after purchasing an additional 2,564,802 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.9 %

NYSEARCA:SPYG traded up $1.36 on Friday, hitting $72.25. The company had a trading volume of 1,597,087 shares, compared to its average volume of 2,158,557. The firm has a 50 day moving average of $71.97 and a two-hundred day moving average of $67.13. The stock has a market capitalization of $24.80 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $54.73 and a 52 week high of $74.10.

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).