Cannon Financial Strategists Inc. Reduces Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cannon Financial Strategists Inc. trimmed its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,016 shares of the company’s stock after selling 4,753 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises approximately 13.3% of Cannon Financial Strategists Inc.’s investment portfolio, making the stock its 3rd biggest position. Cannon Financial Strategists Inc. owned about 0.24% of SPDR Portfolio S&P 500 Growth ETF worth $68,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SPYG. Northwest Investment Counselors LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the first quarter worth approximately $26,000. EdgeRock Capital LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the second quarter worth $26,000. Crewe Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF during the first quarter worth $28,000. Woodmont Investment Counsel LLC bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the first quarter valued at about $44,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at about $44,000.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA:SPYG traded up $0.46 during mid-day trading on Friday, reaching $84.48. 1,067,389 shares of the company’s stock were exchanged, compared to its average volume of 2,255,160. The firm has a market capitalization of $29.00 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a one year low of $56.78 and a one year high of $84.91. The business’s fifty day simple moving average is $81.14 and its two-hundred day simple moving average is $78.05.

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).