New Jersey Better Educational Savings Trust purchased a new position in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,427 shares of the company’s stock, valued at approximately $4,395,000. State Street SPDR Portfolio S&P 500 ETF accounts for about 7.2% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its 3rd biggest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in SPYM. Greenleaf Trust purchased a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth about $438,343,000. Advance Capital Management Inc. purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 1st quarter valued at about $403,256,000. TD Private Client Wealth LLC purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at about $394,477,000. GM Advisory Group LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $380,655,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the 4th quarter valued at about $278,503,000.
State Street SPDR Portfolio S&P 500 ETF Price Performance
Shares of NYSEARCA SPYM opened at $87.72 on Thursday. State Street SPDR Portfolio S&P 500 ETF has a 12 month low of $72.71 and a 12 month high of $89.52. The business has a 50-day moving average of $87.23 and a 200-day moving average of $82.74.
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.
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