Spectrum Advisors Inc. trimmed its position in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 35.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,935 shares of the company’s stock after selling 123,304 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF comprises 14.2% of Spectrum Advisors Inc.’s investment portfolio, making the stock its biggest position. Spectrum Advisors Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $20,280,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings 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 last quarter. Vertex Investment Solutions Co. Ltd. acquired a new position in State Street SPDR Portfolio S&P 500 ETF in the second quarter valued at approximately $2,077,794,000. Envestnet Asset Management Inc. grew its position in State Street SPDR Portfolio S&P 500 ETF by 12.0% in the second quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock worth $1,994,877,000 after acquiring an additional 2,438,519 shares during the period. Greenleaf Trust purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the third quarter worth approximately $664,757,000. Finally, Gradient Investments LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF during the third quarter worth $407,101,000.
State Street SPDR Portfolio S&P 500 ETF Price Performance
NYSEARCA:SPYM traded up $0.26 on Friday, reaching $86.56. The company’s stock had a trading volume of 15,298,297 shares, compared to its average volume of 13,497,217. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $74.06 and a 12-month high of $92.00. The stock has a 50 day moving average price of $90.10 and a 200 day moving average price of $85.91.
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.
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