New Jersey Better Educational Savings Trust Invests $4.39 Million in State Street SPDR Portfolio S&P 500 ETF $SPYM

New Jersey Better Educational Savings Trust purchased a new stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 57,427 shares of the company’s stock, valued at approximately $4,395,000. State Street SPDR Portfolio S&P 500 ETF makes up 7.2% of New Jersey Better Educational Savings Trust’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Greenleaf Trust bought a new position in State Street SPDR Portfolio S&P 500 ETF in the 4th quarter worth about $438,343,000. Advance Capital Management Inc. purchased a new position in State Street SPDR Portfolio S&P 500 ETF during the 1st quarter valued at about $403,256,000. Private Advisor Group LLC increased its position in shares of State Street SPDR Portfolio S&P 500 ETF by 3.7% during the first quarter. Private Advisor Group LLC now owns 4,986,884 shares of the company’s stock valued at $381,696,000 after buying an additional 178,017 shares during the period. TD Private Client Wealth LLC bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the fourth quarter valued at about $394,477,000. Finally, GM Advisory Group LLC lifted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 2.5% in the first quarter. GM Advisory Group LLC now owns 4,861,791 shares of the company’s stock worth $372,121,000 after buying an additional 116,648 shares in the last quarter.

State Street SPDR Portfolio S&P 500 ETF Price Performance

Shares of State Street SPDR Portfolio S&P 500 ETF stock opened at $87.72 on Thursday. The company’s 50-day moving average price is $87.23 and its 200-day moving average price is $82.74. State Street SPDR Portfolio S&P 500 ETF has a 12-month low of $72.71 and a 12-month high of $89.52.

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.