Sovereign Financial Group Inc. Has $969,000 Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Sovereign Financial Group Inc. lessened its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,678 shares of the company’s stock after selling 302 shares during the period. Sovereign Financial Group Inc.’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $969,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 7.2% in the second quarter. LPL Financial LLC now owns 30,048,719 shares of the company’s stock worth $2,407,804,000 after buying an additional 2,013,457 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 125.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,065,732 shares of the company’s stock valued at $966,827,000 after acquiring an additional 6,706,045 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 6.2% in the 2nd quarter. HB Wealth Management LLC now owns 4,407,041 shares of the company’s stock valued at $342,273,000 after acquiring an additional 257,647 shares in the last quarter. Dynasty Wealth Management LLC acquired a new stake in SPDR Portfolio S&P 500 Growth ETF in the 1st quarter worth approximately $262,606,000. Finally, Advisory Alpha LLC boosted its position in SPDR Portfolio S&P 500 Growth ETF by 10.9% during the second quarter. Advisory Alpha LLC now owns 3,200,240 shares of the company’s stock worth $256,441,000 after purchasing an additional 313,466 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Trading Up 1.5 %

NYSEARCA:SPYG opened at $83.21 on Wednesday. The firm has a market capitalization of $28.56 billion, a PE ratio of 27.22 and a beta of 1.14. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $56.78 and a 1 year high of $84.16. The firm’s fifty day simple moving average is $79.68 and its 200 day simple moving average is $77.40.

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).