Cannon Financial Strategists Inc. Makes New Investment in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG)

Cannon Financial Strategists Inc. acquired a new position in SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 834,769 shares of the company’s stock, valued at approximately $66,890,000. SPDR Portfolio S&P 500 Growth ETF accounts for approximately 12.8% of Cannon Financial Strategists Inc.’s holdings, making the stock its 3rd biggest holding. Cannon Financial Strategists Inc. owned about 0.24% of SPDR Portfolio S&P 500 Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Salem Investment Counselors Inc. lifted its holdings in SPDR Portfolio S&P 500 Growth ETF by 2,446.7% during the first quarter. Salem Investment Counselors Inc. now owns 764 shares of the company’s stock valued at $56,000 after purchasing an additional 734 shares in the last quarter. 360 Financial Inc. bought a new position in SPDR Portfolio S&P 500 Growth ETF in the 4th quarter worth $358,000. Oarsman Capital Inc. increased its stake in SPDR Portfolio S&P 500 Growth ETF by 33.6% in the 4th quarter. Oarsman Capital Inc. now owns 274,530 shares of the company’s stock worth $17,861,000 after buying an additional 69,003 shares in the last quarter. Connecticut Wealth Management LLC raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 2.6% during the first quarter. Connecticut Wealth Management LLC now owns 1,371,164 shares of the company’s stock valued at $100,301,000 after acquiring an additional 34,871 shares during the period. Finally, Michael S. Ryan Inc. lifted its position in shares of SPDR Portfolio S&P 500 Growth ETF by 12.4% in the first quarter. Michael S. Ryan Inc. now owns 76,114 shares of the company’s stock valued at $5,568,000 after acquiring an additional 8,397 shares in the last quarter.

SPDR Portfolio S&P 500 Growth ETF Trading Down 1.4 %

NYSEARCA:SPYG opened at $81.74 on Wednesday. The stock has a 50-day moving average price of $79.33 and a 200 day moving average price of $77.14. SPDR Portfolio S&P 500 Growth ETF has a 12-month low of $56.78 and a 12-month high of $84.16. The stock has a market capitalization of $28.06 billion, a P/E ratio of 27.22 and a beta of 1.14.

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).