Parallel Advisors LLC Makes New $33,000 Investment in Spear Alpha ETF (NASDAQ:SPRX)

Parallel Advisors LLC bought a new position in shares of Spear Alpha ETF (NASDAQ:SPRX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,684 shares of the company’s stock, valued at approximately $33,000. Parallel Advisors LLC owned approximately 0.08% of Spear Alpha ETF as of its most recent SEC filing.

Spear Alpha ETF Price Performance

SPRX opened at $27.33 on Tuesday. The company has a fifty day moving average price of $22.92 and a 200-day moving average price of $24.88. The firm has a market capitalization of $58.21 million, a P/E ratio of 42.52 and a beta of 1.21. Spear Alpha ETF has a one year low of $16.31 and a one year high of $30.42.

Spear Alpha ETF Profile

The Spear Alpha ETF (SPRX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in global thematic companies it believes will benefit from breakthrough innovations in the industrial and technology space. SPRX was launched on Aug 2, 2021 and is managed by Spear.