State Street SPDR Portfolio S&P 500 ETF $SPYM Shares Bought by Selective Wealth Management Inc.

Selective Wealth Management Inc. boosted its stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 40.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 349,238 shares of the company’s stock after buying an additional 100,364 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF accounts for 7.3% of Selective Wealth Management Inc.’s portfolio, making the stock its 3rd biggest position. Selective Wealth Management Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $31,725,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPYM. Allianz Asset Management GmbH grew its position in 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 acquiring an additional 26,382,568 shares during the last quarter. Vertex Investment Solutions Co. Ltd. purchased a new position in State Street SPDR Portfolio S&P 500 ETF in the 2nd quarter worth approximately $2,077,794,000. Envestnet Asset Management Inc. increased its stake in State Street SPDR Portfolio S&P 500 ETF by 12.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock worth $1,994,877,000 after purchasing an additional 2,438,519 shares during the period. Gradient Investments LLC bought a new stake in State Street SPDR Portfolio S&P 500 ETF in the third quarter valued at approximately $407,101,000. Finally, NorthRock Partners LLC lifted its position in State Street SPDR Portfolio S&P 500 ETF by 11.2% in the second quarter. NorthRock Partners LLC now owns 4,629,596 shares of the company’s stock valued at $406,849,000 after purchasing an additional 465,087 shares during the last quarter.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

SPYM stock traded down $1.01 during midday trading on Friday, hitting $89.83. The company had a trading volume of 8,713,596 shares, compared to its average volume of 13,582,454. State Street SPDR Portfolio S&P 500 ETF has a 52 week low of $74.06 and a 52 week high of $92.00. The stock’s 50 day moving average price is $90.43 and its 200 day moving average price is $87.49.

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.