Independent Financial Group LLC bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 390,917 shares of the company’s stock, valued at approximately $29,921,000. State Street SPDR Portfolio S&P 500 ETF accounts for about 0.9% of Independent Financial Group LLC’s investment portfolio, making the stock its 11th largest holding.
Several other hedge funds have also modified their holdings of SPYM. VSM Wealth Advisory LLC acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $28,000. ORG Wealth Partners LLC purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $29,000. Turtle Creek Wealth Advisors LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF during the 1st quarter worth about $29,000. Conquis Financial LLC acquired a new stake in State Street SPDR Portfolio S&P 500 ETF during the 4th quarter worth about $31,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $32,000.
State Street SPDR Portfolio S&P 500 ETF Stock Down 0.5%
SPYM stock opened at $88.37 on Friday. State Street SPDR Portfolio S&P 500 ETF has a one year low of $72.86 and a one year high of $89.52. The firm has a 50-day moving average of $87.66 and a two-hundred day moving average of $83.07.
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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