Towerpoint Wealth LLC Lowers Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

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Towerpoint Wealth LLC cut its stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,538 shares of the company’s stock after selling 330 shares during the period. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 0.4% of Towerpoint Wealth LLC’s portfolio, making the stock its 27th largest position. Towerpoint Wealth LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Barber Financial Group Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.1% in the third quarter. Barber Financial Group Inc. now owns 86,615 shares of the company’s stock worth $3,419,000 after acquiring an additional 6,482 shares during the period. Parallel Advisors LLC acquired a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 3rd quarter valued at about $93,000. JNBA Financial Advisors lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 49.7% in the 3rd quarter. JNBA Financial Advisors now owns 94,126 shares of the company’s stock valued at $3,661,000 after purchasing an additional 31,236 shares during the period. Creative Planning lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.9% in the 3rd quarter. Creative Planning now owns 28,251 shares of the company’s stock valued at $1,099,000 after purchasing an additional 1,315 shares during the period. Finally, Alexandria Capital LLC lifted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 2.3% in the 3rd quarter. Alexandria Capital LLC now owns 20,869 shares of the company’s stock valued at $812,000 after purchasing an additional 465 shares during the period.

Shares of NYSEARCA:SPYG traded up $0.09 during midday trading on Friday, reaching $39.92. The company’s stock had a trading volume of 610,056 shares, compared to its average volume of 1,399,328. The firm has a 50 day moving average price of $39.03 and a two-hundred day moving average price of $38.71. SPDR Portfolio S&P 500 Growth ETF has a fifty-two week low of $30.31 and a fifty-two week high of $40.01.

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).

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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Institutional Ownership by Quarter for SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

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