Cornerstone Advisors Asset Management LLC trimmed its holdings in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM – Free Report) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 319,169 shares of the company’s stock after selling 6,249 shares during the period. State Street SPDR Portfolio S&P 500 ETF makes up 3.7% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Cornerstone Advisors Asset Management LLC’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $28,049,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of SPYM. Crestwood Advisors Group LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $14,316,000. Winch Advisory Services LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $74,000. FSB Premier Wealth Management Inc. acquired a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 4th quarter valued at $10,882,000. Washington Trust Advisors Inc. acquired a new stake in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $61,000. Finally, 49 Wealth Management LLC purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the fourth quarter worth about $160,257,000.
State Street SPDR Portfolio S&P 500 ETF Trading Down 0.4%
Shares of SPYM stock opened at $90.67 on Friday. State Street SPDR Portfolio S&P 500 ETF has a 12 month low of $74.06 and a 12 month high of $91.74. The company’s fifty day moving average price is $89.12 and its two-hundred day moving average price is $85.17.
State Street SPDR Portfolio S&P 500 ETF 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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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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