Avidian Wealth Enterprises LLC Makes New $77.41 Million Investment in State Street SPDR Portfolio S&P 500 ETF $SPYM

Avidian Wealth Enterprises LLC purchased a new stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 862,435 shares of the company’s stock, valued at approximately $77,412,000. State Street SPDR Portfolio S&P 500 ETF comprises approximately 2.2% of Avidian Wealth Enterprises LLC’s portfolio, making the stock its 7th biggest position.

A number of other hedge funds also recently bought and sold shares of SPYM. Allianz Asset Management GmbH grew its position in State Street SPDR Portfolio S&P 500 ETF by 133.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 46,223,571 shares of the company’s stock worth $4,062,127,000 after acquiring an additional 26,382,568 shares during the last quarter. Vertex Investment Solutions Co. Ltd. bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the second quarter valued at approximately $2,077,794,000. Envestnet Asset Management Inc. boosted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 12.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 22,699,990 shares of the company’s stock valued at $1,994,877,000 after buying an additional 2,438,519 shares in the last quarter. NorthRock Partners LLC increased its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 11.2% during the second quarter. NorthRock Partners LLC now owns 4,629,596 shares of the company’s stock valued at $406,849,000 after purchasing an additional 465,087 shares in the last quarter. Finally, Advance Capital Management Inc. purchased a new position in State Street SPDR Portfolio S&P 500 ETF during the first quarter valued at $403,256,000.

State Street SPDR Portfolio S&P 500 ETF Stock Down 0.6%

NYSEARCA:SPYM traded down $0.54 on Thursday, reaching $90.92. 25,288,605 shares of the stock traded hands, compared to its average volume of 13,389,172. State Street SPDR Portfolio S&P 500 ETF has a 12 month low of $74.06 and a 12 month high of $92.00. The company’s fifty day simple moving average is $90.23 and its 200 day simple moving average is $86.87.

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.