Billionaire Izzy Englander increased stake in SPDR S&P 500 ETF Trust by 81% in Q3

From Nasdaq: 2024-12-03 05:51:00

Hedge fund managers, including billionaire Israel “Izzy” Englander, are investing in ETFs. Englander and Warren Buffett both own the SPDR S&P 500 ETF Trust, despite differing views on other ETFs like Bitcoin. Englander boosted his stake in the SPDR ETF by 81% in Q3, making it his largest holding.

Englander’s attraction to the SPDR S&P 500 ETF Trust likely stems from its diversification and strong performance. The ETF holds 503 stocks from various sectors and has delivered an average annual gain of 10.41% since 1993. Buffett also owns ETFs, but Englander prefers the SPDR ETF over others.

Investors may consider following Englander’s lead by investing in S&P 500 ETFs for long-term gains. The Vanguard S&P 500 ETF and iShares Core S&P 500 ETF offer similar exposure with lower expense ratios than the SPDR ETF. The Motley Fool Stock Advisor team recommends other stocks for potential high returns.

Before investing in the SPDR S&P 500 ETF Trust, investors should consider alternative ETF options with lower expense ratios and strong track records. The Motley Fool Stock Advisor service provides recommendations for high-growth stocks, offering guidance on building a successful portfolio. Past stock picks have outperformed the S&P 500 since 2002.



Read more at Nasdaq: Billionaire Izzy Englander Loaded Up on This Warren Buffett ETF in Q3. Should You Buy It, Too?