Newport Capital Group LLC Acquires 318,646 Shares of State Street SPDR Portfolio S&P 500 ETF $SPYM

Newport Capital Group LLC raised its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 5,409.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 324,536 shares of the company’s stock after acquiring an additional 318,646 shares during the period. State Street SPDR Portfolio S&P 500 ETF comprises about 19.6% of Newport Capital Group LLC’s investment portfolio, making the stock its largest holding. Newport Capital Group LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $29,266,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Range Advisory LLC boosted its position in State Street SPDR Portfolio S&P 500 ETF by 65.5% during the second quarter. Range Advisory LLC now owns 38,788 shares of the company’s stock valued at $3,409,000 after purchasing an additional 15,350 shares during the last quarter. SFG Wealth Management LLC. increased its position in shares of State Street SPDR Portfolio S&P 500 ETF by 11.0% during the 2nd 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 last quarter. HWG Holdings LP bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $5,708,000. Sequoia Financial Advisors LLC raised its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 3.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 526,150 shares of the company’s stock worth $46,238,000 after purchasing an additional 17,076 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 12.5% during the 2nd quarter. Tidal Investments LLC now owns 4,389,368 shares of the company’s stock worth $385,738,000 after purchasing an additional 488,751 shares in the last quarter.

State Street SPDR Portfolio S&P 500 ETF Trading Down 1.1%

Shares of NYSEARCA SPYM traded down $1.01 during trading hours 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 1-year low of $74.06 and a 1-year high of $92.00. The firm’s 50 day moving average is $90.43 and its 200-day moving average is $87.49.

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.