State Street SPDR Portfolio S&P 500 ETF $SPYM Holdings Reduced by Spectrum Advisors Inc.

Spectrum Advisors Inc. trimmed its position in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 35.3% during the third quarter, Holdings Channel.com reports. The firm owned 225,935 shares of the company’s stock after selling 123,304 shares during the period. State Street SPDR Portfolio S&P 500 ETF accounts for approximately 14.2% of Spectrum Advisors Inc.’s holdings, making the stock its largest position. Spectrum Advisors Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $20,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SPYM. Asset Dedication LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF in the third quarter valued at $1,586,000. United Advisor Group LLC boosted its position in shares of State Street SPDR Portfolio S&P 500 ETF by 1.6% during the 3rd quarter. United Advisor Group LLC now owns 29,411 shares of the company’s stock worth $2,640,000 after acquiring an additional 462 shares in the last quarter. Summit Investment Advisory Services LLC boosted its position in shares of State Street SPDR Portfolio S&P 500 ETF by 5.7% during the 3rd quarter. Summit Investment Advisory Services LLC now owns 15,731 shares of the company’s stock worth $1,412,000 after acquiring an additional 842 shares in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $26,000. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of State Street SPDR Portfolio S&P 500 ETF by 17.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 420,286 shares of the company’s stock worth $37,725,000 after acquiring an additional 61,657 shares in the last quarter.

State Street SPDR Portfolio S&P 500 ETF Price Performance

Shares of NYSEARCA SPYM traded up $0.26 during midday trading on Friday, hitting $86.56. 15,298,297 shares of the company’s stock were exchanged, compared to its average volume of 13,497,217. The firm’s fifty day simple moving average is $90.10 and its 200-day simple moving average is $85.91. State Street SPDR Portfolio S&P 500 ETF has a twelve month low of $74.06 and a twelve month high of $92.00.

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.