SPDR Portfolio S&P 500 Growth ETF Experiences Surge in Trading Volume

The SPDR Portfolio S&P 500 Growth ETF (NYSEARCA:SPYG) witnessed a significant uptick in trading activity this Monday. The exchange-traded fund saw about 6,666,356 shares change hands, marking a 263% increase from the prior session's volume of 1,838,793 shares. The ETF's price went up slightly, closing the day at $62.96, up from the previous close of $62.39.

Market Capitalization and Performance Metrics

With a market capitalization of $18.61 billion and a price-to-earnings (PE) ratio of 20.70, the ETF stands as a substantial player in the growth-focused fund space. In terms of performance, SPYG's 50-day simple moving average is $60.12 while the 200-day simple moving average sits at $60.05, indicating a fairly stable price trend over the recent periods.

Recent Institutional Activity

In the landscape of institutional investments, several hedge funds have made noteworthy adjustments in their holdings of SPYG. Notably, Stonebridge Capital Advisors LLC acquired a new position valued at $25,000 during the second quarter. Retirement Group LLC followed suit, entering a position during the fourth quarter worth $27,000. Indiana Trust & Investment Management CO added SPYG shares to their portfolio in the third quarter, with a new position valued at $28,000. Hollencrest Capital Management began investing in SPYG in the first quarter, also with a position valued at $28,000. Tucker Asset Management LLC, on the other hand, significantly bolstered their investment by 958.8% during the second quarter, now holding shares worth $33,000 after acquiring an additional 489 shares.

About SPDR Portfolio S&P 500 Growth ETF

The SPDR S&P 500 Growth ETF, originally known as the SPDR Dow Jones Large Cap Growth ETF, aims to mirror the total return performance of the S&P 500 Growth Index. This fund is curated for investors seeking to replicate the growth segment's equity performance within the S&P 500.

SPYG, TradingVolume, ETF