Gerber Kawasaki Wealth & Investment Management Cuts Holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Gerber Kawasaki Wealth & Investment Management trimmed its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 19.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,650 shares of the company’s stock after selling 9,340 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $2,084,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in SPDR Portfolio S&P 500 Growth ETF in the first quarter worth about $39,000. PCA Investment Advisory Services Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF in the first quarter worth approximately $221,000. Hollencrest Capital Management purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth $28,000. Apollon Wealth Management LLC boosted its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 850.1% during the 1st quarter. Apollon Wealth Management LLC now owns 175,852 shares of the company’s stock worth $9,735,000 after acquiring an additional 157,344 shares during the last quarter. Finally, Spotlight Asset Group Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Growth ETF during the 1st quarter worth $403,000.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of SPDR Portfolio S&P 500 Growth ETF stock opened at $61.63 on Wednesday. The company’s fifty day simple moving average is $61.52 and its 200-day simple moving average is $58.12. The stock has a market capitalization of $18.20 billion, a PE ratio of 20.70 and a beta of 1.05. SPDR Portfolio S&P 500 Growth ETF has a 1-year low of $47.91 and a 1-year high of $63.08.

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).