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

AQR Capital Management LLC has recently made adjustments to its investment in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG). In its latest 13F filing with the Securities and Exchange Commission (SEC), the firm noted a reduction of 11.2% in its holdings during the second quarter. Following this change, AQR now holds 10,272 shares of the ETF, having sold 1,302 shares throughout that quarter. As of the most recent reporting period, the value of AQR's stake in SPYG stands at approximately $823,000.

In addition to AQR Capital Management, several other institutional investors have also modified their positions in the SPDR Portfolio S&P 500 Growth ETF. Envestnet Asset Management Inc., for instance, increased its stake by a remarkable 125.1% in the second quarter. The firm now owns 12,065,732 shares, which are valued at around $966.8 million following an acquisition of an additional 6,706,045 shares during that timeframe. Similarly, Dynasty Wealth Management LLC initiated a new position in the ETF during the first quarter, which is valued at approximately $262.6 million.

Furthermore, LPL Financial LLC upped its holdings by 7.2% in the second quarter, increasing its ownership to 30,048,719 shares worth $2.4 billion after purchasing 2,013,457 shares during the quarter. Cetera Investment Advisers made a substantial increase to its position by 282.8% in the first quarter, bringing its total to 2,192,642 shares valued at around $160.4 million after adding 1,619,888 shares. Lastly, Savant Capital LLC also bolstered its investment by 117.6% in the second quarter, now holding 2,512,342 shares worth approximately $201.3 million after acquiring an additional 1,357,615 shares.

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

As of Friday, SPDR Portfolio S&P 500 Growth ETF shares opened at $83.90. The ETF's shares have shown notable volatility over the past year, with a 12-month low of $56.78 and a 12-month high of $84.16. The average price over the last 50 days is recorded at $80.19, while its 200-day average stands at $77.66. Currently, the ETF holds a market capitalization of $28.8 billion, a price-to-earnings (PE) ratio of 27.22, and a beta of 1.14, indicating a moderate level of volatility.

Overview of SPDR Portfolio S&P 500 Growth ETF

The SPDR Portfolio S&P 500 Growth ETF, previously known as the SPDR Dow Jones Large Cap Growth ETF, is designed to reflect the total return performance of the S&P 500 Growth Index. This index tracks the performance of equity securities, enabling investors to align their investments with growth-focused companies in the S&P 500.

Insights and Information

Investors interested in understanding the dynamics of SPDR Portfolio S&P 500 Growth ETF and the moves made by various hedge funds can find more insights through research and analysis platforms. Keeping track of changes in shareholdings can provide valuable context about market trends and investment strategies.

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AQR, SPYG, ETF