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

AQR Capital Management LLC has recently announced a reduction of its stake in the SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG). According to their most recent 13F filing with the SEC, the firm decreased its position by 11.2% during the second quarter. After selling 1,302 shares, AQR now holds a total of 10,272 shares valued at approximately $823,000.

This decision by AQR Capital reflects broader trends, as several other institutional investors have also made changes to their positions in SPYG. For instance, Envestnet Asset Management Inc. significantly increased its holdings by 125.1% during the same period. They now own 12,065,732 shares, which are valued at around $966,827,000 after adding 6,706,045 shares to their portfolio.

Similarly, Dynasty Wealth Management LLC made a notable investment by acquiring a new position in the ETF in the first quarter, valued at $262,606,000. LPL Financial LLC also increased its stake by 7.2% in the second quarter, bringing their total to 30,048,719 shares worth about $2.4 billion after purchasing an additional 2,013,457 shares.

Moreover, Cetera Investment Advisers has raised its stake in the ETF by an impressive 282.8% in the first quarter, now holding 2,192,642 shares valued at $160,392,000. Savant Capital LLC has also seen significant growth, increasing its holdings by 117.6% in the second quarter and now owning 2,512,342 shares worth $201,314,000 after acquiring an additional 1,357,615 shares.

Recent Performance of SPDR Portfolio S&P 500 Growth ETF

As of the latest trading session, shares of the SPDR Portfolio S&P 500 Growth ETF opened at $83.90. Over the past year, the ETF has experienced a low of $56.78 and a high of $84.16. The average price over the past 50 days stands at $80.19, while the 200-day simple moving average is $77.66. The ETF has a market capitalization of $28.80 billion, a price-to-earnings ratio of 27.22, and a beta of 1.14, indicating its volatility compared to the broader market.

Understanding the 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, aims to replicate the performance of the S&P 500 Growth Index. This index consists of stocks that exhibit growth characteristics, and the ETF is designed to provide investors with returns that correspond to this index's performance.

As more investors, including hedge funds and institutional firms, adjust their positions in SPYG, it reflects ongoing interest in growth-oriented investment strategies. Potential investors should stay informed about these changes and consider how they align with their investment goals.

Conclusion

The recent reduction in AQR Capital Management's position in the SPDR Portfolio S&P 500 Growth ETF, combined with the adjustments made by other institutional investors, indicates a dynamic investment landscape. Investors should closely monitor these movements to make informed decisions regarding their portfolios.

ETF, Investing, Finance