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

Modern Wealth Management LLC increased its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,721 shares of the company’s stock after acquiring an additional 46,251 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises approximately 0.8% of Modern Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Modern Wealth Management LLC owned 0.08% of SPDR Portfolio S&P 500 Growth ETF worth $23,660,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BankPlus Trust Department purchased a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth about $25,000. Brown Brothers Harriman & Co. purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the third quarter worth about $36,000. Valued Wealth Advisors LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at approximately $41,000. Urban Financial Advisory Corp purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 3rd quarter worth approximately $45,000. Finally, West Branch Capital LLC raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 916.1% in the 4th quarter. West Branch Capital LLC now owns 569 shares of the company’s stock worth $50,000 after acquiring an additional 513 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Stock Up 2.3 %

NYSEARCA SPYG opened at $84.13 on Tuesday. The firm has a market capitalization of $31.95 billion, a PE ratio of 29.52 and a beta of 1.08. The stock’s 50 day moving average is $87.81 and its 200 day moving average is $86.40. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $68.48 and a twelve month high of $92.76.

SPDR Portfolio S&P 500 Growth ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th will be given a $0.117 dividend. The ex-dividend date is Monday, March 24th.

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).