Echo Wealth Management LLC Sells 6,225 Shares of SPDR Portfolio S&P 500 Growth ETF $SPYG

Echo Wealth Management LLC trimmed its position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,289 shares of the company’s stock after selling 6,225 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for 3.4% of Echo Wealth Management LLC’s holdings, making the stock its 11th largest holding. Echo Wealth Management LLC’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $5,899,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in SPDR Portfolio S&P 500 Growth ETF by 0.4% in the third quarter. Allworth Financial LP now owns 11,394,840 shares of the company’s stock valued at $1,190,875,000 after acquiring an additional 45,989 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 7.4% in the third quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock valued at $1,147,764,000 after acquiring an additional 754,395 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock valued at $1,036,342,000 after acquiring an additional 61,348 shares during the last quarter. HB Wealth Management LLC increased its stake in SPDR Portfolio S&P 500 Growth ETF by 9.2% in the third quarter. HB Wealth Management LLC now owns 4,769,364 shares of the company’s stock valued at $479,781,000 after acquiring an additional 402,591 shares during the last quarter. Finally, Valmark Advisers Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 1.2% in the third quarter. Valmark Advisers Inc. now owns 4,645,016 shares of the company’s stock valued at $485,451,000 after acquiring an additional 52,840 shares during the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

Shares of NYSEARCA:SPYG opened at $103.19 on Thursday. The company’s 50 day simple moving average is $102.49 and its 200 day simple moving average is $104.88. The stock has a market capitalization of $43.95 billion, a price-to-earnings ratio of 32.28 and a beta of 1.13. SPDR Portfolio S&P 500 Growth ETF has a 1 year low of $71.55 and a 1 year high of $109.63.

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). The S&P 500 Growth Index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities.