Herbst Group LLC Takes Position in Tidal Trust II Defiance S&P 500 $SPYT

Herbst Group LLC acquired a new position in Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) in the 2nd quarter, HoldingsChannel reports. The fund acquired 48,646 shares of the company’s stock, valued at approximately $1,824,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ZEGA Investments LLC purchased a new stake in Tidal Trust II Defiance S&P 500 during the second quarter valued at about $261,000. Wealthcare Advisory Partners LLC increased its stake in shares of Tidal Trust II Defiance S&P 500 by 9.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock worth $392,000 after purchasing an additional 1,915 shares in the last quarter. Finally, PFG Investments LLC raised its position in shares of Tidal Trust II Defiance S&P 500 by 85.3% in the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock valued at $605,000 after purchasing an additional 17,078 shares during the period.

Tidal Trust II Defiance S&P 500 Trading Down 0.3%

Shares of SPYT stock opened at $17.23 on Friday. The stock has a market capitalization of $154.73 million, a P/E ratio of 24.43 and a beta of 0.88. The firm’s 50 day moving average is $17.36 and its 200 day moving average is $17.22. Tidal Trust II Defiance S&P 500 has a 12 month low of $15.77 and a 12 month high of $18.68.

About Tidal Trust II Defiance S&P 500

The Defiance S&P 500 Target Income ETF (SPYT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds seeking to provide current income through option premiums from daily S&P 500 call spreads. The secondary objective of the fund is to seek exposure to the indexs performance. SPYT was launched on Mar 7, 2024 and is issued by Defiance.