State Street SPDR Portfolio S&P 500 ETF $SPYM Stock: Richardson Financial Services Inc. Lowers Stake

Richardson Financial Services Inc. cut its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 13.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,849 shares of the company’s stock after selling 12,924 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF accounts for approximately 4.1% of Richardson Financial Services Inc.’s investment portfolio, making the stock its 3rd largest position. Richardson Financial Services Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $7,257,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPYM. Allianz Asset Management GmbH raised its stake in State Street SPDR Portfolio S&P 500 ETF by 133.0% during the second quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock valued at $4,062,127,000 after purchasing an additional 26,382,568 shares in the last quarter. Vertex Investment Solutions Co. Ltd. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 2nd quarter worth $2,077,794,000. Envestnet Asset Management Inc. grew its stake in shares of 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 buying an additional 2,438,519 shares in the last quarter. Greenleaf Trust bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $664,757,000. Finally, Gradient Investments LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth about $407,101,000.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPYM opened at $90.25 on Thursday. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $74.06 and a 12-month high of $92.00. The firm’s 50-day moving average price is $90.26 and its 200-day moving average price is $85.86.

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.