New Jersey Better Educational Savings Trust bought a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,427 shares of the company’s stock, valued at approximately $5,155,000. State Street SPDR Portfolio S&P 500 ETF comprises approximately 8.6% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 3rd biggest holding.
A number of other institutional investors have also recently added to or reduced their stakes in SPYM. Bay Capital Advisors LLC raised its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 2.9% in the 3rd quarter. Bay Capital Advisors LLC now owns 253,276 shares of the company’s stock valued at $22,734,000 after acquiring an additional 7,082 shares in the last quarter. Range Advisory LLC lifted its holdings in State Street SPDR Portfolio S&P 500 ETF by 65.5% in the 2nd quarter. Range Advisory LLC now owns 38,788 shares of the company’s stock worth $3,409,000 after purchasing an additional 15,350 shares during the last quarter. SFG Wealth Management LLC. boosted its position in State Street SPDR Portfolio S&P 500 ETF by 11.0% during the second quarter. SFG Wealth Management LLC. now owns 526,644 shares of the company’s stock worth $46,281,000 after purchasing an additional 52,090 shares during the period. Cyndeo Wealth Partners LLC bought a new stake in State Street SPDR Portfolio S&P 500 ETF during the third quarter worth approximately $1,526,000. Finally, HWG Holdings LP bought a new stake in State Street SPDR Portfolio S&P 500 ETF during the third quarter worth approximately $5,708,000.
State Street SPDR Portfolio S&P 500 ETF Trading Up 0.3%
SPYM stock traded up $0.26 during midday trading on Friday, hitting $86.56. 15,298,297 shares of the company traded hands, compared to its average volume of 13,497,217. State Street SPDR Portfolio S&P 500 ETF has a twelve month low of $74.06 and a twelve month high of $92.00. The business has a 50 day simple moving average of $90.10 and a 200-day simple moving average of $85.91.
State Street SPDR Portfolio S&P 500 ETF Company 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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