State Street SPDR Portfolio S&P 500 ETF $SPYM Position Boosted by IFG Advisory LLC

IFG Advisory LLC boosted its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 45.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 660,778 shares of the company’s stock after purchasing an additional 205,329 shares during the period. State Street SPDR Portfolio S&P 500 ETF comprises approximately 2.0% of IFG Advisory LLC’s portfolio, making the stock its 3rd largest holding. IFG Advisory LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $59,311,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPYM. Accel Wealth Management grew its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 3.7% during the third quarter. Accel Wealth Management now owns 3,348 shares of the company’s stock valued at $300,000 after buying an additional 121 shares during the last quarter. Leverty Financial Group LLC increased its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 2.4% in the third quarter. Leverty Financial Group LLC now owns 5,391 shares of the company’s stock worth $484,000 after buying an additional 125 shares during the period. James T. Borello RIA increased its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 3.2% in the third quarter. James T. Borello RIA now owns 4,054 shares of the company’s stock worth $364,000 after buying an additional 126 shares during the period. Aspen Wealth Management LLC increased its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 0.5% in the third quarter. Aspen Wealth Management LLC now owns 27,231 shares of the company’s stock worth $2,444,000 after buying an additional 128 shares during the period. Finally, Traynor Capital Management Inc. lifted its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 0.3% in the 3rd quarter. Traynor Capital Management Inc. now owns 52,669 shares of the company’s stock valued at $4,728,000 after acquiring an additional 151 shares during the last quarter.

State Street SPDR Portfolio S&P 500 ETF Stock Down 0.4%

Shares of NYSEARCA SPYM traded down $0.36 during midday trading on Friday, reaching $88.77. The company had a trading volume of 10,376,077 shares, compared to its average volume of 13,430,852. The stock has a market cap of $184.64 billion, a PE ratio of 23.80 and a beta of 1.01. State Street SPDR Portfolio S&P 500 ETF has a one year low of $74.06 and a one year high of $92.00. The firm’s fifty day moving average price is $89.95 and its 200-day moving average price is $86.11.

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.