West Wealth Group LLC boosted its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,072,809 shares of the company’s stock after buying an additional 66,221 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF comprises approximately 10.2% of West Wealth Group LLC’s investment portfolio, making the stock its 2nd biggest holding. West Wealth Group LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $96,295,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH boosted its stake in State Street SPDR Portfolio S&P 500 ETF by 133.0% in the 2nd 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 during the last quarter. Advance Capital Management Inc. purchased a new stake in State Street SPDR Portfolio S&P 500 ETF in the 1st quarter valued at about $403,256,000. Gradient Investments LLC purchased a new stake in State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter valued at about $407,101,000. BlueCrest Capital Management Ltd acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at about $230,475,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock valued at $1,994,877,000 after acquiring an additional 2,438,519 shares during the last quarter.
State Street SPDR Portfolio S&P 500 ETF Trading Down 1.1%
Shares of SPYM stock opened at $90.58 on Thursday. State Street SPDR Portfolio S&P 500 ETF has a 1-year low of $74.06 and a 1-year high of $92.00. The firm’s 50-day simple moving average is $90.44 and its 200-day simple moving average is $87.37.
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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