Sage Mountain Advisors LLC has made a significant investment in the SPDR S&P 600 Small Cap Growth ETF (NYSEARCA: SLYG), acquiring approximately 835 shares valued at around $74,000 during the second quarter of 2023. This acquisition reflects a growing interest among institutional investors in the small-cap growth sector.
Other notable investors have also recently taken positions in the ETF. In the first quarter of 2023, Oppenheimer & Co. Inc. initiated a position worth about $210,000. Meanwhile, Ameritas Advisory Services LLC increased its holdings by 1.0%, now owning 14,227 shares valued at $1,228,000 following the addition of 136 shares. Valley National Advisers Inc. entered the scene as well, purchasing a new stake valued at $33,000.
Mather Group LLC has also boosted its investment, raising its position by 1.5% and holding 119,355 shares worth $9,906,000. Additionally, Salomon & Ludwin LLC increased its stake by a substantial 24.2%, bringing its total to 7,707 shares valued at $642,000 after acquiring an additional 1,503 shares.
Current Performance and Market Position
As of Tuesday, shares of the SPDR S&P 600 Small Cap Growth ETF opened at $95.91. The ETF has experienced a twelve-month low of $71.62 and a high of $101.62. The fund boasts a market capitalization of $3.64 billion, a price-to-earnings ratio of 20.14, and a beta of 1.09, indicating moderate volatility compared to the broader market.
The SPDR S&P 600 Small Cap Growth ETF aims to closely replicate the performance of the S&P Small Cap 600 Growth Index, which tracks small-cap growth companies in the United States. This focus on small-capitalization growth positions the ETF as an attractive option for investors seeking exposure to this segment of the market.
For those interested in further insights, HoldingsChannel.com offers detailed information on hedge fund holdings, including the latest 13F filings and insider trades related to the SPDR S&P 600 Small Cap Growth ETF. The platform provides a comprehensive overview for investors keen on staying updated with market trends and institutional activities in this sector.
