Tortoise Investment Management LLC Acquires 9,037 Shares of State Street SPDR Portfolio S&P 500 ETF $SPYM

Tortoise Investment Management LLC raised its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,241 shares of the company’s stock after buying an additional 9,037 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF comprises 1.3% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 21st largest position. Tortoise Investment Management LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $17,884,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Bay Capital Advisors LLC lifted its holdings 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 worth $22,734,000 after buying an additional 7,082 shares during the period. Range Advisory LLC grew its holdings 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 acquiring an additional 15,350 shares during the period. SFG Wealth Management LLC. grew its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 11.0% during the 2nd quarter. SFG Wealth Management LLC. now owns 526,644 shares of the company’s stock worth $46,281,000 after acquiring an additional 52,090 shares during the period. Cyndeo Wealth Partners LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter worth approximately $1,526,000. Finally, HWG Holdings LP bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 3rd quarter worth approximately $5,708,000.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA:SPYM opened at $89.13 on Friday. The firm has a market capitalization of $185.39 billion, a P/E ratio of 23.80 and a beta of 1.01. The stock has a 50 day moving average price of $90.00 and a 200-day moving average price of $86.07. State Street SPDR Portfolio S&P 500 ETF has a 52-week low of $74.06 and a 52-week high of $92.00.

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.