Wells Fargo & Company MN Grows Stock Position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Wells Fargo & Company MN lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 5.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,097,125 shares of the company’s stock after acquiring an additional 99,908 shares during the period. Wells Fargo & Company MN’s holdings in SPDR Portfolio S&P 500 Growth ETF were worth $184,337,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPYG. LPL Financial LLC raised its stake in SPDR Portfolio S&P 500 Growth ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 34,023,208 shares of the company’s stock worth $2,990,640,000 after acquiring an additional 2,620,046 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of SPDR Portfolio S&P 500 Growth ETF by 1.9% in the fourth quarter. JPMorgan Chase & Co. now owns 5,261,185 shares of the company’s stock worth $462,458,000 after purchasing an additional 99,358 shares during the last quarter. HB Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Growth ETF by 1.3% during the fourth quarter. HB Wealth Management LLC now owns 4,634,594 shares of the company’s stock worth $393,827,000 after purchasing an additional 58,372 shares during the period. Raymond James Financial Inc. purchased a new stake in SPDR Portfolio S&P 500 Growth ETF in the fourth quarter valued at approximately $323,542,000. Finally, Bank of New York Mellon Corp increased its holdings in SPDR Portfolio S&P 500 Growth ETF by 6.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,663,070 shares of the company’s stock worth $321,984,000 after buying an additional 222,550 shares during the period.

SPDR Portfolio S&P 500 Growth ETF Trading Down 6.1 %

Shares of NYSEARCA SPYG opened at $72.45 on Friday. The company has a 50 day simple moving average of $86.01 and a two-hundred day simple moving average of $86.41. The stock has a market cap of $27.55 billion, a price-to-earnings ratio of 29.10 and a beta of 1.12. SPDR Portfolio S&P 500 Growth ETF has a 12 month low of $68.48 and a 12 month high of $92.76.

SPDR Portfolio S&P 500 Growth ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.117 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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).