Cahaba Wealth Management Inc. Takes $56.70 Million Position in State Street SPDR Portfolio S&P 500 ETF $SPYM

Cahaba Wealth Management Inc. bought a new stake in shares of State Street SPDR Portfolio S&P 500 ETF (NYSEARCA:SPYM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 740,721 shares of the company’s stock, valued at approximately $56,695,000. State Street SPDR Portfolio S&P 500 ETF makes up approximately 3.8% of Cahaba Wealth Management Inc.’s investment portfolio, making the stock its 6th largest holding.

Other large investors have also added to or reduced their stakes in the company. PFG Investments LLC increased its holdings in State Street SPDR Portfolio S&P 500 ETF by 4.4% in the first quarter. PFG Investments LLC now owns 3,059 shares of the company’s stock worth $234,000 after purchasing an additional 130 shares in the last quarter. Semitam Bonam LLC lifted its stake in State Street SPDR Portfolio S&P 500 ETF by 0.3% in the first quarter. Semitam Bonam LLC now owns 53,250 shares of the company’s stock valued at $4,076,000 after buying an additional 159 shares during the period. Wilkins Miller Wealth Management LLC boosted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 0.8% during the 1st quarter. Wilkins Miller Wealth Management LLC now owns 20,269 shares of the company’s stock worth $1,551,000 after buying an additional 166 shares in the last quarter. Prospect Financial Services LLC boosted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 0.6% during the 1st quarter. Prospect Financial Services LLC now owns 26,692 shares of the company’s stock worth $2,043,000 after buying an additional 166 shares in the last quarter. Finally, Berger Financial Group Inc boosted its holdings in shares of State Street SPDR Portfolio S&P 500 ETF by 2.2% during the 1st quarter. Berger Financial Group Inc now owns 10,156 shares of the company’s stock worth $777,000 after buying an additional 220 shares in the last quarter.

State Street SPDR Portfolio S&P 500 ETF Stock Down 0.3%

Shares of SPYM stock opened at $87.72 on Thursday. The firm has a 50 day moving average of $87.23 and a 200-day moving average of $82.74. State Street SPDR Portfolio S&P 500 ETF has a 52 week low of $72.71 and a 52 week 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.