Herbst Group LLC Purchases New Holdings in Tidal Trust II Defiance S&P 500 $SPYT

Herbst Group LLC purchased a new position in shares of Tidal Trust II Defiance S&P 500 (NYSEARCA:SPYT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 48,646 shares of the company’s stock, valued at approximately $1,824,000. Herbst Group LLC owned 0.54% of Tidal Trust II Defiance S&P 500 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPYT. ZEGA Investments LLC purchased a new stake in shares of Tidal Trust II Defiance S&P 500 during the 2nd quarter valued at $261,000. Wealthcare Advisory Partners LLC grew its position in Tidal Trust II Defiance S&P 500 by 9.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 22,354 shares of the company’s stock valued at $392,000 after buying an additional 1,915 shares during the period. Finally, PFG Investments LLC increased its holdings in Tidal Trust II Defiance S&P 500 by 85.3% during the first quarter. PFG Investments LLC now owns 37,092 shares of the company’s stock worth $605,000 after buying an additional 17,078 shares during the last quarter.

Tidal Trust II Defiance S&P 500 Stock Performance

Shares of SPYT stock opened at $17.23 on Friday. The firm has a market cap of $154.73 million, a price-to-earnings ratio of 24.43 and a beta of 0.88. Tidal Trust II Defiance S&P 500 has a 52 week low of $15.77 and a 52 week high of $18.68. The firm’s 50-day simple moving average is $17.36 and its two-hundred day simple moving average is $17.22.

Tidal Trust II Defiance S&P 500 Profile

The Defiance S&P 500 Target Income ETF (SPYT) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds seeking to provide current income through option premiums from daily S&P 500 call spreads. The secondary objective of the fund is to seek exposure to the indexs performance. SPYT was launched on Mar 7, 2024 and is issued by Defiance.