Eldridge Investment Advisors Inc. acquired a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 407,093 shares of the company’s stock, valued at approximately $32,657,000. State Street SPDR Portfolio S&P 500 ETF comprises 7.2% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 2nd biggest position. Eldridge Investment Advisors Inc. owned 5.09% of State Street SPDR Portfolio S&P 500 ETF at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of SPYM. Ayalon Insurance Comp Ltd. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $1,256,000. Cullen Investment Group LTD. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $776,000. Defender Capital LLC. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $738,000. Heartwood Wealth Advisors LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $391,000. Finally, HWG Holdings LP purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter valued at about $3,599,000.
State Street SPDR Portfolio S&P 500 ETF Stock Performance
SPYM stock opened at $87.02 on Tuesday. The firm’s 50-day moving average price is $84.04 and its two-hundred day moving average price is $81.56. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $69.84 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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Want to see what other hedge funds are holding SPYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report).
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