Spinnaker Trust raised its position in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,267,826 shares of the company’s stock after purchasing an additional 101,149 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF accounts for approximately 9.6% of Spinnaker Trust’s portfolio, making the stock its largest position. Spinnaker Trust’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $173,579,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the company. Greenleaf Trust purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth $438,343,000. TD Private Client Wealth LLC acquired a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at $394,477,000. GM Advisory Group LLC purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $380,655,000. First Command Advisory Services Inc. purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $278,503,000. Finally, Vicus Capital lifted its stake in State Street SPDR Portfolio S&P 500 ETF by 24.9% during the 1st quarter. Vicus Capital now owns 2,262,820 shares of the company’s stock worth $173,196,000 after acquiring an additional 451,679 shares in the last quarter.
State Street SPDR Portfolio S&P 500 ETF Price Performance
SPYM opened at $87.18 on Tuesday. The stock’s 50-day moving average price is $86.63 and its 200 day moving average price is $82.37. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $72.36 and a 12-month high of $89.52.
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.
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