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Hedgeye Asset Management Marks One-Year Anniversary of HECA and HGRO ETFs
PRNewswire (Thu, 16-Jul 5:04 PM ET)
Hedgeye Quality Growth ETF seeks to meet its objective by actively managing and investing at least 80% of its net assets in U.S. listed equity securities. In implementing its main strategies, the Fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts. The Fund will normally invest in the common stocks of large and medium sized blue-chip companies that are listed in the United States. The Fund invests in a limited number of U.S. equity securities, generally between 40 or 50 holdings. The Fund may also invest in exchange-listed American depositary receipts ("ADRs") of foreign issuers.
Hedgeye Quality Growth ETF trades on the ARCA stock market under the symbol HGRO.
As of October 2, 2026, HGRO stock price climbed to $30.31 with 33,411 million shares trading.
HGRO has a beta of 0.75, meaning it tends to be less sensitive to market movements. HGRO has a correlation of 0.65 to the broad based SPY ETF.
HGRO has a market cap of $116.39 million. This is considered a Micro Cap stock.
HGRO has underperformed the market in the last year with a return of +9.5%, while the SPY ETF gained +16.1%. In the last 3 month period, HGRO fell short of the market, returning -1.9%, while SPY returned +3.6%. However, in the most recent 2 weeks HGRO has outperformed the stock market by returning +1.5%, while SPY returned +1.0%.
HGRO support price is $29.99 and resistance is $30.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HGRO shares will trade within this expected range on the day.
