Daviman Financial LLC raised its stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,848 shares of the company’s stock after acquiring an additional 35,218 shares during the period. State Street SPDR Portfolio S&P 500 ETF makes up 8.8% of Daviman Financial LLC’s portfolio, making the stock its biggest position. Daviman Financial LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $14,837,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Greenleaf Trust purchased a new stake in State Street SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $438,343,000. TD Private Client Wealth LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $394,477,000. GM Advisory Group LLC purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $380,655,000. First Command Advisory Services Inc. purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $278,503,000. Finally, Spinnaker Trust purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $173,811,000.
State Street SPDR Portfolio S&P 500 ETF Stock Up 0.8%
SPYM stock opened at $87.88 on Wednesday. The stock’s 50 day simple moving average is $86.72 and its 200 day simple moving average is $82.42. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $72.40 and a 12-month high of $89.52.
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.
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