Sage Mountain Advisors LLC has made a significant investment in the SPDR S&P 600 Small Cap Growth ETF, acquiring a stake valued at approximately $74,000. The firm purchased 835 shares of the exchange-traded fund during the second quarter of 2023, according to HoldingsChannel.com.
This investment follows a trend of increased interest in the SPDR S&P 600 Small Cap Growth ETF, which tracks the performance of small-cap growth stocks in the United States. Other institutional investors have also recently adjusted their positions. For instance, Oppenheimer & Co. Inc. entered the market with a stake worth about $210,000 during the first quarter. Furthermore, Ameritas Advisory Services LLC raised its holdings by 1.0%, bringing its total to 14,227 shares valued at $1,228,000 after acquiring an additional 136 shares.
In addition, Valley National Advisers Inc. purchased a new stake during the same quarter valued at $33,000. Meanwhile, Mather Group LLC increased its position by 1.5%, resulting in ownership of 119,355 shares worth approximately $9,906,000. Similarly, Salomon & Ludwin LLC boosted its holdings by 24.2%, now owning 7,707 shares valued at $642,000.
Market Performance of SPDR S&P 600 Small Cap Growth ETF
As of Tuesday, shares of the SPDR S&P 600 Small Cap Growth ETF opened at $95.91. Over the past year, the stock has seen a low of $71.62 and a high of $101.62. The ETF boasts a market capitalization of $3.64 billion, a price-to-earnings ratio of 20.14, and a beta of 1.09, indicating a slightly higher volatility than the market average.
The fund employs a strategy aimed at closely matching the returns and characteristics of the S&P Small Cap 600 Growth Index, which measures the performance of small-capitalization growth stocks in the U.S. equity market. Investors looking to track the performance of this sector can find updates and insights on platforms like HoldingsChannel.com.
For those interested in the latest movements within this ETF and others, subscribing to daily updates can provide valuable insights. By entering an email address, investors can receive concise summaries of news and analysts’ ratings related to the SPDR S&P 600 Small Cap Growth ETF and similar investment opportunities.
