Richardson Financial Services Inc. Acquires Shares of 1,026 SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Richardson Financial Services Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,026 shares of the company’s stock, valued at approximately $82,000.

A number of other large investors also recently modified their holdings of SPYG. Envestnet Asset Management Inc. boosted its holdings in SPDR Portfolio S&P 500 Growth ETF by 125.1% in the second 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 during the last quarter. Dynasty Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Growth ETF in the 1st quarter valued at about $262,606,000. LPL Financial LLC grew its position in shares of SPDR Portfolio S&P 500 Growth ETF by 7.2% during the 2nd 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 period. Cetera Investment Advisers raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 282.8% during the first quarter. Cetera Investment Advisers now owns 2,192,642 shares of the company’s stock worth $160,392,000 after buying an additional 1,619,888 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 117.6% in the second quarter. Savant Capital LLC now owns 2,512,342 shares of the company’s stock valued at $201,314,000 after buying an additional 1,357,615 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

Shares of SPYG stock opened at $82.35 on Friday. The firm’s 50 day moving average price is $79.17 and its two-hundred day moving average price is $76.49. SPDR Portfolio S&P 500 Growth ETF has a 52-week low of $56.78 and a 52-week high of $84.16. The stock has a market cap of $28.27 billion, a PE ratio of 27.22 and a beta of 1.14.

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).