Hollencrest Capital Management Makes New Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Hollencrest Capital Management purchased a new stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 611 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Benjamin Edwards Inc. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 2.1% during the second quarter. Benjamin Edwards Inc. now owns 16,384 shares of the company’s stock worth $1,313,000 after buying an additional 330 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of SPDR Portfolio S&P 500 Growth ETF by 4.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 301,648 shares of the company’s stock valued at $24,171,000 after acquiring an additional 12,870 shares during the period. GM Advisory Group LLC boosted its stake in SPDR Portfolio S&P 500 Growth ETF by 118.0% during the 2nd quarter. GM Advisory Group LLC now owns 92,343 shares of the company’s stock worth $7,399,000 after acquiring an additional 49,992 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in SPDR Portfolio S&P 500 Growth ETF during the second quarter valued at approximately $82,000. Finally, Concorde Asset Management LLC bought a new stake in SPDR Portfolio S&P 500 Growth ETF in the second quarter valued at approximately $466,000.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

SPYG opened at $82.19 on Friday. The firm’s fifty day moving average is $79.16 and its two-hundred day moving average is $76.56. The firm has a market cap of $28.21 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a twelve month low of $56.78 and a twelve month high of $84.16.

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).