Principal Financial Group Inc. Trims Stock Holdings in State Street SPDR Portfolio S&P 500 ETF $SPYM

Principal Financial Group Inc. lowered its stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 587,958 shares of the company’s stock after selling 7,662 shares during the quarter. Principal Financial Group Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $45,002,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC raised its stake in State Street SPDR Portfolio S&P 500 ETF by 5.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 210,052 shares of the company’s stock valued at $17,586,000 after purchasing an additional 10,037 shares during the last quarter. Team Financial Group LLC grew its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 14.0% during the first quarter. Team Financial Group LLC now owns 1,918 shares of the company’s stock worth $147,000 after buying an additional 235 shares in the last quarter. Uptick Partners LLC raised its position in shares of State Street SPDR Portfolio S&P 500 ETF by 34.6% in the first quarter. Uptick Partners LLC now owns 151,508 shares of the company’s stock valued at $11,596,000 after buying an additional 38,915 shares during the last quarter. Procyon Advisors LLC acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the first quarter valued at approximately $58,080,000. Finally, Financial Advisory Partners LLC raised its position in shares of State Street SPDR Portfolio S&P 500 ETF by 9.5% in the first quarter. Financial Advisory Partners LLC now owns 31,676 shares of the company’s stock valued at $2,424,000 after buying an additional 2,752 shares during the last quarter.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPYM opened at $87.48 on Friday. State Street SPDR Portfolio S&P 500 ETF has a 1 year low of $72.86 and a 1 year high of $89.52. The firm’s 50 day moving average price is $87.67 and its 200 day moving average price is $83.10.

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.