Cornerstone Wealth Management LLC Purchases 3,389 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cornerstone Wealth Management LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,573 shares of the company’s stock after buying an additional 3,389 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF makes up 0.8% of Cornerstone Wealth Management LLC’s holdings, making the stock its 21st largest holding. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $9,917,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 253.8% in the third quarter. Citigroup Inc. now owns 8,870 shares of the company’s stock worth $526,000 after purchasing an additional 6,363 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in SPDR Portfolio S&P 500 Growth ETF by 343.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,297 shares of the company’s stock valued at $492,000 after acquiring an additional 6,428 shares during the last quarter. Truist Financial Corp boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 5.4% in the third quarter. Truist Financial Corp now owns 277,484 shares of the company’s stock valued at $16,449,000 after acquiring an additional 14,319 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 29.1% in the third quarter. Ameriprise Financial Inc. now owns 5,248,532 shares of the company’s stock valued at $311,126,000 after acquiring an additional 1,183,435 shares in the last quarter. Finally, Ellerson Group Inc. ADV purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the third quarter worth $119,000.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.8 %

Shares of SPYG traded up $0.69 during midday trading on Thursday, hitting $82.10. 1,266,734 shares of the company’s stock traded hands, compared to its average volume of 2,275,944. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $56.78 and a 1 year high of $82.15. The firm’s fifty day moving average is $76.30 and its 200-day moving average is $71.86.

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).