Cornerstone Wealth Management LLC Buys 9,909 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cornerstone Wealth Management LLC grew its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 7.1% during the fourth quarter, HoldingsChannel reports. The firm owned 148,866 shares of the company’s stock after buying an additional 9,909 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises approximately 0.9% of Cornerstone Wealth Management LLC’s holdings, making the stock its 20th biggest position. Cornerstone Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $13,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPYG. Franklin Resources Inc. raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 132.3% in the 3rd quarter. Franklin Resources Inc. now owns 13,196 shares of the company’s stock worth $1,118,000 after acquiring an additional 7,516 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at about $200,000. AdvisorNet Financial Inc increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 11.5% in the fourth quarter. AdvisorNet Financial Inc now owns 9,863 shares of the company’s stock worth $867,000 after purchasing an additional 1,019 shares during the period. Cetera Investment Advisers lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 11.9% during the 2nd quarter. Cetera Investment Advisers now owns 2,454,089 shares of the company’s stock worth $196,646,000 after purchasing an additional 261,447 shares during the last quarter. Finally, Tallon Kerry Patrick bought a new stake in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter valued at approximately $268,000.

SPDR Portfolio S&P 500 Growth ETF Stock Up 0.5 %

SPYG opened at $92.37 on Friday. The stock’s 50 day moving average price is $88.68 and its two-hundred day moving average price is $83.92. The firm has a market capitalization of $31.71 billion, a P/E ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $66.89 and a 12-month high of $92.37.

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).