Gradient Investments LLC Makes New Investment in State Street SPDR Portfolio S&P 500 ETF $SPYM

Gradient Investments LLC purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,535,435 shares of the company’s stock, valued at approximately $407,101,000. State Street SPDR Portfolio S&P 500 ETF accounts for about 5.8% of Gradient Investments LLC’s portfolio, making the stock its biggest holding.

Several other hedge funds have also added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in State Street SPDR Portfolio S&P 500 ETF by 133.0% in the second quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock worth $4,062,127,000 after purchasing an additional 26,382,568 shares during the period. Envestnet Asset Management Inc. lifted its position in State Street SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock valued at $1,994,877,000 after purchasing an additional 2,438,519 shares during the period. Advance Capital Management Inc. bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 1st quarter valued at about $403,256,000. Private Advisor Group LLC boosted its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 3.7% in the 1st quarter. Private Advisor Group LLC now owns 4,986,884 shares of the company’s stock valued at $381,696,000 after purchasing an additional 178,017 shares during the last quarter. Finally, GM Advisory Group LLC boosted its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 2.5% in the 1st quarter. GM Advisory Group LLC now owns 4,861,791 shares of the company’s stock valued at $372,121,000 after purchasing an additional 116,648 shares during the last quarter.

State Street SPDR Portfolio S&P 500 ETF Stock Down 0.8%

Shares of NYSEARCA:SPYM traded down $0.77 during trading on Thursday, hitting $90.69. 25,714,534 shares of the company’s stock were exchanged, compared to its average volume of 13,389,630. The firm has a 50-day moving average price of $90.23 and a two-hundred day moving average price of $86.87. State Street SPDR Portfolio S&P 500 ETF has a 1-year low of $74.06 and a 1-year high of $92.00.

State Street SPDR Portfolio S&P 500 ETF Profile

(Free Report)

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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