JPMorgan Chase & Co. Buys Additional Shares of SPDR Portfolio S&P 500 Growth ETF

JPMorgan Chase & Co. has increased its stake in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG – Free Report) by 2.4% during the third quarter, as reported by Holdings Channel. After acquiring an additional 122,184 shares during this period, the fund now holds a total of 5,161,827 shares in the ETF. As of the latest reporting period, JPMorgan Chase & Co.'s investment in SPDR Portfolio S&P 500 Growth ETF is valued at approximately $428,122,000.

Various other institutional investors and hedge funds have also made moves in relation to SPDR Portfolio S&P 500 Growth ETF. For instance, Copley Financial Group Inc. bought a new stake valued at around $132,000 in the third quarter. Additionally, Boulder Wealth Advisors LLC also acquired a new stake in SPYG, with a valuation of $3,148,000 at the same time. Franklin Resources Inc. raised its position by an impressive 132.3% during this quarter, now owning 13,196 shares worth $1,118,000 after purchasing 7,516 additional shares. Furthermore, World Investment Advisors LLC increased its stake by a significant 464.1%, now holding 18,580 shares valued at $1,541,000 after acquiring another 15,286 shares. Finally, Soltis Investment Advisors LLC has raised its holdings in SPDR Portfolio S&P 500 Growth ETF by 2.9%, now owning 79,218 shares worth $6,570,000 after adding 2,233 shares to its portfolio.

SPDR Portfolio S&P 500 Growth ETF Performance

On Friday, shares of NYSEARCA:SPYG opened at $89.65. The ETF has experienced a 1-year low of $62.97 and a 1-year high of $91.49. Its market capitalization stands at $30.77 billion, accompanied by a price-to-earnings ratio of 27.22 and a beta of 1.14. The 50-day moving average price of the ETF is $87.30, while its 200-day moving average price is $82.88.

About 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 provide investment results that reflect the total return performance of the index it tracks. This index specifically measures the performance of equity securities in the S&P 500 Growth Index, matching both returns and characteristics of this index.

Conclusion

This increase in holdings by JPMorgan Chase & Co. and the activity from other institutional investors highlight the interest in the SPDR Portfolio S&P 500 Growth ETF, as more funds are positioning themselves in this growing market.

investment, ETF, JPMorgan