Shulman DeMeo Asset Management LLC Sells 966 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Shulman DeMeo Asset Management LLC trimmed its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,473 shares of the company’s stock after selling 966 shares during the quarter. Shulman DeMeo Asset Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 16.6% in the second quarter. Bank of America Corp DE now owns 3,787,688 shares of the company’s stock valued at $146,697,000 after buying an additional 540,473 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in SPDR Portfolio S&P 500 Growth ETF by 27.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,448,197 shares of the company’s stock worth $133,567,000 after purchasing an additional 737,634 shares during the period. UBS Group AG increased its position in SPDR Portfolio S&P 500 Growth ETF by 4.0% in the second quarter. UBS Group AG now owns 1,776,217 shares of the company’s stock worth $68,793,000 after purchasing an additional 67,519 shares during the period. Nicolet Advisory Services LLC increased its position in SPDR Portfolio S&P 500 Growth ETF by 6.4% in the third quarter. Nicolet Advisory Services LLC now owns 1,685,273 shares of the company’s stock worth $65,540,000 after purchasing an additional 100,885 shares during the period. Finally, Morgan Stanley increased its position in SPDR Portfolio S&P 500 Growth ETF by 3.5% in the second quarter. Morgan Stanley now owns 1,341,192 shares of the company’s stock worth $51,944,000 after purchasing an additional 45,967 shares during the period.

SPDR Portfolio S&P 500 Growth ETF stock opened at $43.19 on Wednesday. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $33.46 and a 1 year high of $43.38. The business has a 50-day moving average of $41.67 and a 200-day moving average of $39.80.

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, December 24th were given a dividend of $0.1605 per share. This is a positive change from SPDR Portfolio S&P 500 Growth ETF’s previous quarterly dividend of $0.12. This represents a $0.64 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, December 23rd.

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).

Further Reading: Relative Strength Index

Institutional Ownership by Quarter for SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

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