SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) Sets New 52-Week High – Should You Buy?

SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $112.98 and last traded at $112.94, with a volume of 1827879 shares. The stock had previously closed at $112.34.

SPDR Portfolio S&P 500 Growth ETF Trading Up 0.5%

The company has a market capitalization of $49.34 billion, a price-to-earnings ratio of 32.28 and a beta of 1.15. The firm’s 50 day moving average price is $103.57 and its two-hundred day moving average price is $105.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Morgan Stanley increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 95.9% during the 4th quarter. Morgan Stanley now owns 16,219,528 shares of the company’s stock worth $1,730,624,000 after purchasing an additional 7,939,766 shares during the last quarter. Allworth Financial LP increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 8.7% during the 4th quarter. Allworth Financial LP now owns 12,384,946 shares of the company’s stock worth $1,321,474,000 after purchasing an additional 990,106 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 7.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,982,338 shares of the company’s stock worth $1,147,764,000 after purchasing an additional 754,395 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 9,914,602 shares of the company’s stock worth $1,036,342,000 after purchasing an additional 61,348 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 4.7% during the 4th quarter. JPMorgan Chase & Co. now owns 5,768,335 shares of the company’s stock worth $615,481,000 after purchasing an additional 258,138 shares during the last quarter.

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). 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.