Wedbush Securities Inc. Acquires New Position in State Street SPDR Portfolio S&P 500 ETF $SPYM

Wedbush Securities Inc. acquired a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) during the third quarter, HoldingsChannel reports. The fund acquired 56,026 shares of the company’s stock, valued at approximately $5,029,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bay Capital Advisors LLC lifted its stake in State Street SPDR Portfolio S&P 500 ETF by 2.9% in the third quarter. Bay Capital Advisors LLC now owns 253,276 shares of the company’s stock valued at $22,734,000 after buying an additional 7,082 shares during the period. Range Advisory LLC grew its position in shares of State Street SPDR Portfolio S&P 500 ETF by 65.5% during the 2nd quarter. Range Advisory LLC now owns 38,788 shares of the company’s stock worth $3,409,000 after buying an additional 15,350 shares during the period. SFG Wealth Management LLC. increased its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 11.0% in the 2nd quarter. SFG Wealth Management LLC. now owns 526,644 shares of the company’s stock valued at $46,281,000 after acquiring an additional 52,090 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $1,526,000. Finally, HWG Holdings LP bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $5,708,000.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPYM traded down $0.48 during mid-day trading on Friday, reaching $89.45. The stock had a trading volume of 15,767,142 shares, compared to its average volume of 13,508,292. The firm has a 50 day simple moving average of $90.34 and a two-hundred day simple moving average of $87.99. State Street SPDR Portfolio S&P 500 ETF has a twelve month low of $74.06 and a twelve month high of $92.00.

State Street SPDR Portfolio S&P 500 ETF 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.