Moloney Securities Asset Management LLC Trims Holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Moloney Securities Asset Management LLC decreased its stake in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,224 shares of the company’s stock after selling 2,657 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $5,030,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPYG. Franklin Resources Inc. raised its position in SPDR Portfolio S&P 500 Growth ETF by 132.3% in the third quarter. Franklin Resources Inc. now owns 13,196 shares of the company’s stock valued at $1,118,000 after purchasing an additional 7,516 shares during the period. Fifth Third Wealth Advisors LLC purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $200,000. AdvisorNet Financial Inc raised its position in 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 valued at $867,000 after purchasing an additional 1,019 shares during the period. Tallon Kerry Patrick purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at $268,000. Finally, Redwood Investment Management LLC raised its position in SPDR Portfolio S&P 500 Growth ETF by 128.0% in the third quarter. Redwood Investment Management LLC now owns 64,176 shares of the company’s stock valued at $5,395,000 after purchasing an additional 36,033 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Down 0.9 %

NYSEARCA:SPYG opened at $90.69 on Friday. SPDR Portfolio S&P 500 Growth ETF has a 52 week low of $68.48 and a 52 week high of $92.76. The company has a market capitalization of $31.13 billion, a P/E ratio of 27.22 and a beta of 1.14. The stock’s fifty day moving average is $89.68 and its two-hundred day moving average is $84.61.

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).