Richardson Financial Services Inc. Acquires New Position in State Street SPDR Portfolio S&P 500 ETF $SPYM

Richardson Financial Services Inc. acquired a new stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 101,450 shares of the company’s stock, valued at approximately $8,138,000. State Street SPDR Portfolio S&P 500 ETF accounts for about 2.6% of Richardson Financial Services Inc.’s holdings, making the stock its 2nd largest holding. Richardson Financial Services Inc. owned 1.27% of State Street SPDR Portfolio S&P 500 ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPYM. Ayalon Insurance Comp Ltd. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $1,256,000. Cullen Investment Group LTD. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $776,000. Defender Capital LLC. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $738,000. Heartwood Wealth Advisors LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $391,000. Finally, HWG Holdings LP purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $3,599,000.

State Street SPDR Portfolio S&P 500 ETF Trading Down 0.1%

Shares of SPYM opened at $79.96 on Friday. The firm’s 50 day moving average price is $79.25. State Street SPDR Portfolio S&P 500 ETF has a 1 year low of $59.81 and a 1 year high of $82.11.

About State Street SPDR Portfolio S&P 500 ETF

The Tradr 2X Long SPY Monthly ETF (SPYM) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, seeking to provide 2x the exposure to the monthly price return of the SPDR S&P 500 ETF (ticker: SPY-US) through swap agreements with major global financial institutions. SPYM was launched on Sep 3, 2024 and is issued by Tradr.