Harbour Investments Inc. Sells 450,868 Shares of State Street SPDR Portfolio S&P 500 ETF $SPYM

Harbour Investments Inc. lessened its stake in State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) by 44.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 561,949 shares of the company’s stock after selling 450,868 shares during the quarter. State Street SPDR Portfolio S&P 500 ETF makes up 0.7% of Harbour Investments Inc.’s holdings, making the stock its 25th largest position. Harbour Investments Inc.’s holdings in State Street SPDR Portfolio S&P 500 ETF were worth $50,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ashurst Perkins Coie Trust Co acquired a new stake in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at $26,000. Prudent Man Investment Management Inc. purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at $26,000. SYM FINANCIAL Corp purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 3rd quarter valued at $27,000. Integrity Financial Corp WA purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $29,000. Finally, Highland Investment Advisors LLC purchased a new position in shares of State Street SPDR Portfolio S&P 500 ETF during the 2nd quarter valued at $29,000.

State Street SPDR Portfolio S&P 500 ETF Stock Performance

Shares of NYSEARCA SPYM traded down $0.36 during mid-day trading on Friday, reaching $88.77. The company had a trading volume of 10,376,077 shares, compared to its average volume of 13,430,852. State Street SPDR Portfolio S&P 500 ETF has a twelve month low of $74.06 and a twelve month high of $92.00. The stock has a market capitalization of $184.64 billion, a PE ratio of 23.80 and a beta of 1.01. The stock’s 50 day moving average is $89.95 and its 200-day moving average is $86.11.

About State Street SPDR Portfolio S&P 500 ETF

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.