Sovereign Financial Group Inc. Makes New Investment in State Street SPDR Portfolio S&P 500 ETF $SPYM

Sovereign Financial Group Inc. purchased a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,674 shares of the company’s stock, valued at approximately $587,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF in the 4th quarter valued at $438,343,000. TD Private Client Wealth LLC bought a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth $394,477,000. GM Advisory Group LLC bought a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth $380,655,000. First Command Advisory Services Inc. bought a new position in State Street SPDR Portfolio S&P 500 ETF during the fourth quarter worth $278,503,000. Finally, Spinnaker Trust acquired a new stake in State Street SPDR Portfolio S&P 500 ETF in the fourth quarter worth $173,811,000.

State Street SPDR Portfolio S&P 500 ETF Stock Down 1.4%

SPYM opened at $86.35 on Wednesday. State Street SPDR Portfolio S&P 500 ETF has a 1-year low of $71.19 and a 1-year high of $89.52. The company has a fifty day moving average price of $86.27 and a two-hundred day moving average price of $82.20.

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.