Selective Wealth Management Inc. raised its holdings in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 40.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,238 shares of the company’s stock after acquiring an additional 100,364 shares during the period. State Street SPDR Portfolio S&P 500 ETF comprises approximately 7.3% of Selective Wealth Management Inc.’s portfolio, making the stock its 3rd biggest holding. Selective Wealth Management Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $31,725,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SPYM. Allianz Asset Management GmbH lifted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 133.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock worth $4,062,127,000 after acquiring an additional 26,382,568 shares during the last quarter. Vertex Investment Solutions Co. Ltd. bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $2,077,794,000. Envestnet Asset Management Inc. grew its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock valued at $1,994,877,000 after purchasing an additional 2,438,519 shares during the last quarter. Gradient Investments LLC bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at $407,101,000. Finally, NorthRock Partners LLC grew its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 11.2% during the 2nd quarter. NorthRock Partners LLC now owns 4,629,596 shares of the company’s stock valued at $406,849,000 after purchasing an additional 465,087 shares during the last quarter.
State Street SPDR Portfolio S&P 500 ETF Price Performance
NYSEARCA:SPYM traded down $1.01 during trading hours on Friday, reaching $89.83. The company’s stock had a trading volume of 8,713,596 shares, compared to its average volume of 13,582,454. The firm has a 50-day simple moving average of $90.43 and a 200-day simple moving average of $87.49. State Street SPDR Portfolio S&P 500 ETF has a 1 year low of $74.06 and a 1 year high of $92.00.
State Street SPDR Portfolio S&P 500 ETF Company Profile
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.
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