Spear Alpha ETF $SPRX Stock Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC raised its stake in shares of Spear Alpha ETF (NASDAQ:SPRX) by 124.8% during the third quarter, HoldingsChannel reports. The firm owned 558,991 shares of the company’s stock after purchasing an additional 310,345 shares during the quarter. Spear Alpha ETF makes up about 1.4% of GoalVest Advisory LLC’s investment portfolio, making the stock its 13th largest position. GoalVest Advisory LLC owned about 0.12% of Spear Alpha ETF worth $26,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Worth Asset Management LLC acquired a new position in shares of Spear Alpha ETF in the second quarter valued at about $232,000. FSA Advisors Inc. lifted its holdings in shares of Spear Alpha ETF by 7.5% during the first quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock worth $415,000 after purchasing an additional 815 shares during the period. Finally, Claris Financial LLC acquired a new stake in shares of Spear Alpha ETF during the fourth quarter worth about $516,000.

Spear Alpha ETF Stock Performance

NASDAQ SPRX traded up $1.56 during trading hours on Friday, reaching $51.27. The stock had a trading volume of 43,872 shares, compared to its average volume of 133,970. Spear Alpha ETF has a 52-week low of $32.75 and a 52-week high of $59.10. The stock has a fifty day moving average of $45.78 and a 200 day moving average of $46.79. The stock has a market cap of $245.05 million, a P/E ratio of 60.13 and a beta of 1.67.

Spear Alpha ETF Profile

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.