Cornerstone Advisors Asset Management LLC grew its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 325,418 shares of the company’s stock after purchasing an additional 20,753 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF makes up 3.8% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 7th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $24,908,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of SPYM. VSM Wealth Advisory LLC bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at approximately $28,000. ORG Wealth Partners LLC bought a new position in State Street SPDR Portfolio S&P 500 ETF in the fourth quarter worth approximately $29,000. Turtle Creek Wealth Advisors LLC purchased a new stake in State Street SPDR Portfolio S&P 500 ETF during the first quarter worth $29,000. Conquis Financial LLC purchased a new stake in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth $31,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in State Street SPDR Portfolio S&P 500 ETF during the first quarter worth $31,000.
State Street SPDR Portfolio S&P 500 ETF Price Performance
Shares of NYSEARCA SPYM opened at $87.48 on Monday. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $72.86 and a 12-month high of $89.52. The stock’s fifty day simple moving average is $87.67 and its two-hundred day simple moving average is $83.12.
State Street SPDR Portfolio S&P 500 ETF Company 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.
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