JPMorgan Chase & Co. Increases Holdings in SPDR Portfolio S&P 500 Growth ETF

During the third quarter, JPMorgan Chase & Co. raised its investment in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 2.4%, according to reports from Holdings Channel. After acquiring an additional 122,184 shares during this time, the firm now holds a total of 5,161,827 shares of the fund.

As of the latest reporting period, JPMorgan Chase & Co.’s stake in the SPDR Portfolio S&P 500 Growth ETF has a market value of approximately $428,122,000.

Several other institutional investors have also been active in buying and selling shares of this ETF. For instance, Copley Financial Group Inc. purchased a new stake worth about $132,000 in the third quarter. Similarly, Boulder Wealth Advisors LLC made a new investment valued at $3,148,000 in the same period.

Franklin Resources Inc. significantly increased its holdings in the ETF, boosting its position by 132.3%. Following the acquisition of an additional 7,516 shares, its total ownership now stands at 13,196 shares, valued at around $1,118,000.

World Investment Advisors LLC raised its stake in the fund by an impressive 464.1%, bringing their total share ownership to 18,580, valued at approximately $1,541,000 after buying an additional 15,286 shares.

Moreover, Soltis Investment Advisors LLC also increased its holdings by 2.9%, now owning 79,218 shares worth $6,570,000 after acquiring an extra 2,233 shares during the previous quarter.

Current Performance of SPDR Portfolio S&P 500 Growth ETF

On the trading day reported, shares of NYSEARCA:SPYG opened at $89.65, and the ETF has shown a 1-year low of $62.97 and a 1-year high of $91.49. With a market capitalization of $30.77 billion, it carries a price-to-earnings (P/E) ratio of 27.22 and a beta of 1.14. The ETF has a 50-day moving average price of $87.30 and a two-hundred-day moving average price of $82.88.

Understanding the SPDR Portfolio S&P 500 Growth ETF

The SPDR S&P 500 Growth ETF, previously known as the SPDR Dow Jones Large Cap Growth ETF, aims to deliver investment results that are reflective of the total return performance of an index. This index tracks the performance of exchange-traded equity securities. The SPDR S&P 500 Growth ETF aligns its performance with the S&P 500 Growth Index.

JPMorgan, SPDR, ETF