GoalVest Advisory LLC grew its stake in Spear Alpha ETF (NASDAQ:SPRX – Free Report) by 124.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 558,991 shares of the company’s stock after buying an additional 310,345 shares during the quarter. Spear Alpha ETF makes up 1.4% of GoalVest Advisory LLC’s portfolio, making the stock its 13th biggest holding. GoalVest Advisory LLC owned 11.69% of Spear Alpha ETF worth $26,946,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in SPRX. Worth Asset Management LLC purchased a new stake in shares of Spear Alpha ETF during the second quarter worth about $232,000. FSA Advisors Inc. boosted its stake in Spear Alpha ETF by 7.5% in the 1st quarter. FSA Advisors Inc. now owns 11,667 shares of the company’s stock worth $415,000 after purchasing an additional 815 shares during the period. Finally, Claris Financial LLC bought a new position in Spear Alpha ETF in the 4th quarter worth approximately $516,000.
Spear Alpha ETF Stock Performance
Shares of SPRX traded up $1.56 during midday trading on Friday, hitting $51.27. 43,872 shares of the company traded hands, compared to its average volume of 133,970. The firm has a 50 day moving average of $45.78 and a 200-day moving average of $46.79. Spear Alpha ETF has a 52 week low of $32.75 and a 52 week high of $59.10. The stock has a market cap of $245.05 million, a price-to-earnings ratio of 60.13 and a beta of 1.67.
Spear Alpha ETF Profile
The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.
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