NewEdge Advisors LLC boosted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 59.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,406,554 shares of the company’s stock after acquiring an additional 1,650,653 shares during the period. State Street SPDR Portfolio S&P 500 ETF comprises 1.1% of NewEdge Advisors LLC’s portfolio, making the stock its 10th largest holding. NewEdge Advisors LLC owned approximately 0.24% of State Street SPDR Portfolio S&P 500 ETF worth $387,248,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Allianz Asset Management GmbH increased its position in State Street SPDR Portfolio S&P 500 ETF by 133.0% during the second quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock worth $4,062,127,000 after buying an additional 26,382,568 shares in the last quarter. Advance Capital Management Inc. purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the first quarter valued at $403,256,000. TD Private Client Wealth LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 4th quarter worth about $394,477,000. GM Advisory Group LLC acquired a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth approximately $380,655,000. Finally, First Command Advisory Services Inc. purchased a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth approximately $278,503,000.
State Street SPDR Portfolio S&P 500 ETF Price Performance
Shares of NYSEARCA SPYM opened at $90.17 on Wednesday. The firm has a fifty day moving average of $89.24 and a 200-day moving average of $85.35. State Street SPDR Portfolio S&P 500 ETF has a 52-week low of $74.06 and a 52-week high of $91.74.
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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