Higgins & Schmidt Wealth Strategies LLC has reduced its holdings in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA: SPYG) by 2.2%, according to a recent filing with the Securities and Exchange Commission. The firm now owns 321,485 shares after selling 7,072 shares during the third quarter. This reduction leaves the SPDR Portfolio S&P 500 Growth ETF as the largest position in Higgins & Schmidt’s portfolio, representing approximately 17.0% of its total holdings, valued at around $33.60 million.
In recent months, other institutional investors have also adjusted their positions in SPYG. For instance, Quaker Wealth Management LLC increased its holdings by an impressive 292.9% in the second quarter, acquiring a total of 301 shares worth $29,000 after purchasing an additional 457 shares.
Flaharty Asset Management LLC made a new investment in SPDR Portfolio S&P 500 Growth ETF during the first quarter, valued at approximately $28,000. Similarly, Tompkins Financial Corp and Pacifica Partners Inc. have both initiated new positions in the ETF, with valuations of around $36,000 and $38,000, respectively. Notably, Pacifica Partners increased its stake by 1,562.5% after acquiring an additional 375 shares during the same period.
Russell Investments Group Ltd. also expanded its position in the ETF by 138.0% in the second quarter, now holding 545 shares valued at $52,000 after purchasing 316 shares.
As of Thursday, shares of SPDR Portfolio S&P 500 Growth ETF opened at $108.21. The fund has a market capitalization of $45.48 billion, a price-to-earnings ratio of 32.28, and a beta of 1.11. The fund’s 50-day moving average stands at $106.20, while its 200-day moving average is $101.46. Over the past twelve months, SPYG has experienced a low of $68.65 and a high of $109.63.
The SPDR Portfolio S&P 500 Growth ETF, formerly known as the SPDR Dow Jones Large Cap Growth ETF, aims to provide investment results that correspond to the total return performance of an index that tracks U.S. equity securities. It mirrors the returns and characteristics of the S&P 500 Growth Index, which measures the performance of the growth sector within the U.S. equity market.
For more information on hedge fund activities related to SPYG, interested parties can refer to HoldingsChannel.com for the latest 13F filings and insider trades.
