Tiger Global acquired 2.33 Million SSgA Active Trust - SPDR S&P 500 ETF Trust shares worth $1.44 Billion. That's 4.89% of their equity portfolio (7th largest holding). The investor owns 198.89% of the outstanding SSgA Active Trust - SPDR S&P 500 ETF Trust stock. Tiger Global acquired their 2.33 Million shares between 2001 and 2009. So far they never sold any shares in the company. The stake costed the investor $189 Million, netting the investor a gain of 663% so far.
UBS Global Wealth Management raised its year-end target for the S&P 500 index to 6,200 from its prior forecast of 6,000, banking on softening trade uncertainty.
Cryptocurrency exchange Coinbase Global (COIN) is set to join the S&P 500 (^GSPC) starting May 19. This moment comes on top of the company reporting earnings...
Rosenblatt analyst Chris Brendler maintained Coinbase Global Inc COIN with a Buy and raised the price target from $260 to $300 on Wednesday.
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is a cornerstone investment for most portfolios, offering broad exposure to the 500 largest U.S. companies acro...