Freedom Investment Management Inc. Has $9.29 Million Holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Freedom Investment Management Inc. decreased its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,045 shares of the company’s stock after selling 6,086 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF comprises approximately 0.7% of Freedom Investment Management Inc.’s investment portfolio, making the stock its 27th biggest position. Freedom Investment Management Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $9,293,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EdgeRock Capital LLC bought a new position in SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at approximately $26,000. Brown Brothers Harriman & Co. bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at $36,000. Triad Wealth Partners LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 2nd quarter worth $44,000. Costello Asset Management INC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 58.0% during the 3rd quarter. Costello Asset Management INC now owns 545 shares of the company’s stock worth $45,000 after buying an additional 200 shares during the last quarter. Finally, Hollencrest Capital Management bought a new position in SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at about $49,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG stock opened at $87.15 on Wednesday. The company has a 50 day simple moving average of $84.29 and a 200 day simple moving average of $80.70. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $62.33 and a 1 year high of $87.94. The stock has a market cap of $29.91 billion, a price-to-earnings ratio of 27.22 and a beta of 1.14.

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).