Cahaba Wealth Management Inc. Makes New $56.70 Million Investment in State Street SPDR Portfolio S&P 500 ETF $SPYM

Cahaba Wealth Management Inc. purchased a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 740,721 shares of the company’s stock, valued at approximately $56,695,000. State Street SPDR Portfolio S&P 500 ETF comprises approximately 3.8% of Cahaba Wealth Management Inc.’s holdings, making the stock its 6th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ayalon Insurance Comp Ltd. acquired a new stake in State Street SPDR Portfolio S&P 500 ETF during the 4th quarter valued at approximately $1,256,000. Cullen Investment Group LTD. bought a new position in State Street SPDR Portfolio S&P 500 ETF during the 4th quarter worth approximately $776,000. Defender Capital LLC. acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $738,000. Heartwood Wealth Advisors LLC acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth approximately $391,000. Finally, HWG Holdings LP bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $3,599,000.

State Street SPDR Portfolio S&P 500 ETF Trading Down 0.3%

SPYM opened at $87.72 on Thursday. State Street SPDR Portfolio S&P 500 ETF has a twelve month low of $72.71 and a twelve month high of $89.52. The company has a fifty day moving average of $87.23 and a 200-day moving average of $82.74.

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.