State Street SPDR Portfolio S&P 500 ETF $SPYM Stock: Newport Capital Group LLC Grows Stake

Newport Capital Group LLC increased its position in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 5,409.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,536 shares of the company’s stock after acquiring an additional 318,646 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF comprises about 19.6% of Newport Capital Group LLC’s investment portfolio, making the stock its largest position. Newport Capital Group LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $29,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its position in shares of State Street SPDR Portfolio S&P 500 ETF by 133.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock worth $4,062,127,000 after buying an additional 26,382,568 shares during the period. Vertex Investment Solutions Co. Ltd. acquired a new position in State Street SPDR Portfolio S&P 500 ETF during the second quarter valued at approximately $2,077,794,000. Envestnet Asset Management Inc. grew its holdings in State Street SPDR Portfolio S&P 500 ETF by 12.0% during the second 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 period. Gradient Investments LLC acquired a new position in State Street SPDR Portfolio S&P 500 ETF during the third quarter valued at approximately $407,101,000. Finally, NorthRock Partners LLC increased its stake in State Street SPDR Portfolio S&P 500 ETF by 11.2% in the second 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 in the last quarter.

State Street SPDR Portfolio S&P 500 ETF Trading Down 1.1%

SPYM traded down $1.01 during mid-day trading on Friday, hitting $89.83. The stock had a trading volume of 8,713,596 shares, compared to its average volume of 13,582,454. The stock’s fifty day simple moving average is $90.43 and its 200-day simple moving average is $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 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.