Drive Wealth Management LLC Acquires 1,777 Shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Drive Wealth Management LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,312 shares of the company’s stock after acquiring an additional 1,777 shares during the period. Drive Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 132.3% during 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 in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF during the 4th quarter worth about $200,000. AdvisorNet Financial Inc grew its holdings in SPDR Portfolio S&P 500 Growth ETF by 11.5% during the 4th quarter. AdvisorNet Financial Inc now owns 9,863 shares of the company’s stock worth $867,000 after acquiring an additional 1,019 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 11.9% in the 2nd quarter. Cetera Investment Advisers now owns 2,454,089 shares of the company’s stock valued at $196,646,000 after buying an additional 261,447 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new stake in shares of SPDR Portfolio S&P 500 Growth ETF in the 4th quarter valued at about $268,000.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

NYSEARCA:SPYG opened at $92.02 on Monday. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $66.89 and a fifty-two week high of $92.76. The stock has a market capitalization of $31.59 billion, a P/E ratio of 27.22 and a beta of 1.14. The company’s 50-day simple moving average is $88.92 and its 200-day simple moving average is $84.05.

SPDR Portfolio S&P 500 Growth ETF 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).