Founders Capital Management Decreases Stake in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Founders Capital Management cut its holdings in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,729 shares of the company’s stock after selling 546 shares during the quarter. SPDR Portfolio S&P 500 Growth ETF accounts for 2.7% of Founders Capital Management’s portfolio, making the stock its 14th biggest holding. Founders Capital Management’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $3,644,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 100.1% during the first quarter. JPMorgan Chase & Co. now owns 40,810 shares of the company’s stock worth $2,702,000 after purchasing an additional 20,414 shares in the last quarter. Bank of New York Mellon Corp boosted its position in SPDR Portfolio S&P 500 Growth ETF by 18.0% during the first quarter. Bank of New York Mellon Corp now owns 21,620 shares of the company’s stock worth $1,432,000 after purchasing an additional 3,298 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in SPDR Portfolio S&P 500 Growth ETF during the first quarter worth $1,294,000. Bank of Montreal Can boosted its position in SPDR Portfolio S&P 500 Growth ETF by 40.3% during the first quarter. Bank of Montreal Can now owns 6,208 shares of the company’s stock worth $418,000 after purchasing an additional 1,783 shares in the last quarter. Finally, BlackRock Inc. boosted its position in SPDR Portfolio S&P 500 Growth ETF by 4.8% during the first quarter. BlackRock Inc. now owns 762,545 shares of the company’s stock worth $50,488,000 after purchasing an additional 34,919 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Price Performance

SPYG traded down $0.41 during trading on Friday, reaching $61.81. 196,978 shares of the stock were exchanged, compared to its average volume of 1,808,412. The business’s 50 day moving average price is $61.58 and its two-hundred day moving average price is $58.17. The company has a market capitalization of $18.26 billion, a price-to-earnings 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).