Ballentine Partners LLC Increases Stake in SPDR Portfolio S&P 500 Growth ETF

Ballentine Partners LLC has increased its investment in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) by 27.2% during the fourth quarter, as reported in the latest 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, the institutional investor now holds a total of 4,915 shares in the ETF after adding an extra 1,050 shares over the quarter. The value of Ballentine Partners LLC’s stake in the SPDR Portfolio S&P 500 Growth ETF has reached approximately $432,000 based on its most recent SEC disclosures.

In addition to Ballentine Partners LLC, several other institutional investors have also recently made moves in the SPDR Portfolio S&P 500 Growth ETF. For instance, Brown Brothers Harriman & Co. established a new position in the ETF during the third quarter, with an investment valued at around $36,000. Meanwhile, Costello Asset Management INC increased its stake by 58.0% in the same period, now owning 545 shares worth about $45,000, after purchasing an additional 200 shares. Additionally, Urban Financial Advisory Corp and Creekmur Asset Management LLC both acquired new positions in the ETF, each valued at approximately $45,000 and $52,000, respectively. Finally, MassMutual Private Wealth & Trust FSB also secured a new stake in the fourth quarter, valued similarly at around $52,000.

SPDR Portfolio S&P 500 Growth ETF Stock Performance

On Friday, shares of the SPDR Portfolio S&P 500 Growth ETF opened at $92.37. The ETF has a 50-day simple moving average of $88.68 and a 200-day simple moving average of $83.92. With a total market capitalization of $31.71 billion, it features a price-to-earnings (P/E) ratio of 27.22 and a beta of 1.14. The ETF's price fluctuated over the past year, with a low of $66.89 and a high reaching $92.37.

About the SPDR Portfolio S&P 500 Growth ETF

The SPDR S&P 500 Growth ETF, formerly known as the SPDR Dow Jones Large Cap Growth ETF, aims to match the performance results of an index. This index tracks the total return performance of exchange-traded equity securities. Therefore, the SPDR Portfolio S&P 500 Growth ETF represents the characteristics and returns of the S&P 500 Growth Index.

Investment, ETF, Shares