AQR Capital Management Adjusts SPDR Portfolio S&P 500 Growth ETF Holdings

AQR Capital Management LLC has decreased its stake in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 11.2% during the second quarter, as reported in their latest 13F filing with the SEC. After selling 1,302 shares, the fund now holds 10,272 shares valued at approximately $823,000.

In addition, several other hedge funds and institutional investors have also modified their positions in SPYG recently. Notably, Envestnet Asset Management Inc. significantly increased its holdings by 125.1% during the second quarter, now owning a total of 12,065,732 shares worth around $966.8 million after acquiring an additional 6,706,045 shares.

Also, Dynasty Wealth Management LLC established a new position worth $262.6 million in the first quarter. Similarly, LPL Financial LLC raised its stake by 7.2% during the second quarter, bringing their total holdings to 30,048,719 shares valued at $2.41 billion after purchasing an extra 2,013,457 shares.

Cetera Investment Advisers also increased its stake dramatically, boosting their ownership by 282.8% in the first quarter, which now amounts to 2,192,642 shares valued at around $160.4 million following an additional purchase of 1,619,888 shares. Furthermore, Savant Capital LLC raised its stake by 117.6% in the second quarter, increasing its holdings to 2,512,342 shares worth $201.3 million after acquiring an additional 1,357,615 shares.

Current Market Performance of SPDR Portfolio S&P 500 Growth ETF

As of Friday, shares of SPDR Portfolio S&P 500 Growth ETF are trading at $83.90. The ETF has seen a 12-month low of $56.78 and a high of $84.16. Its 50-day simple moving average stands at $80.19, while the 200-day average is at $77.66. The fund has a market capitalization of $28.8 billion, a price-to-earnings (PE) ratio of 27.22, and a beta of 1.14.

Overview of SPDR Portfolio S&P 500 Growth ETF

The SPDR Portfolio S&P 500 Growth ETF is designed to track the performance of the S&P 500 Growth Index, aiming to deliver returns that correspond to this index's total return. The fund, previously known as the SPDR Dow Jones Large Cap Growth ETF, specifically focuses on equity securities.

Additional Topics and Insights

Investors interested in the latest news and insights regarding the SPDR Portfolio S&P 500 Growth ETF and other mutual funds can explore various resources. It is also valuable for investors to stay informed about other hedge fund activities regarding SPYG, as it can provide additional context about market trends.

AQR, SPYG, ETF