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

Avidian Wealth Enterprises LLC bought a new position in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) in the third quarter, HoldingsChannel reports. The firm bought 862,435 shares of the company’s stock, valued at approximately $77,412,000. State Street SPDR Portfolio S&P 500 ETF comprises about 2.2% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 7th largest position.

Several other hedge funds have also recently made changes to their positions in the business. WealthShield Partners LLC boosted its stake in shares of State Street SPDR Portfolio S&P 500 ETF by 0.4% during the 1st quarter. WealthShield Partners LLC now owns 28,613 shares of the company’s stock worth $2,190,000 after purchasing an additional 124 shares during the period. Leverty Financial Group LLC raised its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 2.4% in the 3rd quarter. Leverty Financial Group LLC now owns 5,391 shares of the company’s stock valued at $484,000 after purchasing an additional 125 shares in the last quarter. PFG Investments LLC boosted its position in State Street SPDR Portfolio S&P 500 ETF by 4.4% during the 1st quarter. PFG Investments LLC now owns 3,059 shares of the company’s stock valued at $234,000 after acquiring an additional 130 shares in the last quarter. Capasso Planning Partners LLC grew its stake in State Street SPDR Portfolio S&P 500 ETF by 4.5% in the first quarter. Capasso Planning Partners LLC now owns 3,505 shares of the company’s stock valued at $268,000 after purchasing an additional 152 shares during the last quarter. Finally, Semitam Bonam LLC lifted its position in State Street SPDR Portfolio S&P 500 ETF by 0.3% during the first quarter. Semitam Bonam LLC now owns 53,250 shares of the company’s stock valued at $4,076,000 after acquiring an additional 159 shares during the last quarter.

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

SPYM stock traded down $0.54 on Thursday, hitting $90.92. 25,288,605 shares of the company’s stock were exchanged, compared to its average volume of 13,389,172. The firm has a 50 day moving average price of $90.23 and a two-hundred day moving average price of $86.87. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $74.06 and a 12-month high of $92.00.

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.