19-Apr-2024
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The SPDR Portfolio S&P 500 Growth ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Growth Index (the "Index"). The S&P 500 Growth Index measures the performance of the large-capitalization growth sector in the U.S. equity market. The selection universe for the S&P 500 Index includes all U.S. common equities listed on the NYSE, NASDAQ Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $5.3 billion or more. The Index is market capitalization weighted.
SPDR Series Trust SPDR Portfolio S&P 500 Growth ETF trades on the ARCA stock market under the symbol SPYG.
As of April 19, 2024, SPYG stock price declined to $68.71 with 3,044,022 million shares trading.
SPYG has a beta of 1.10, meaning it tends to be more sensitive to market movements. SPYG has a correlation of 0.88 to the broad based SPY ETF.
SPYG has a market cap of $23.79 billion. This is considered a Large Cap stock.
In the last 3 years, SPYG stock traded as high as $74.10 and as low as $47.91.
SPYG has outperformed the market in the last year with a return of +24.0%, while the SPY ETF gained +21.2%. However, in the most recent history, SPYG shares have underperformed the stock market with its stock returning +2.4% in the last 3 month period and -5.9% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.
SPYG support price is $69.57 and resistance is $71.03 (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 SPYG stock will trade within this expected range on the day.