SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Shares Purchased by Iowa State Bank

Iowa State Bank increased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 188.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,523 shares of the company’s stock after acquiring an additional 241,422 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises approximately 1.8% of Iowa State Bank’s portfolio, making the stock its 13th largest holding. Iowa State Bank owned about 0.18% of SPDR Portfolio High Yield Bond ETF worth $8,887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Worth Asset Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth $505,000. Pinnacle Bancorp Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 25.9% in the third quarter. Pinnacle Bancorp Inc. now owns 11,990 shares of the company’s stock valued at $288,000 after purchasing an additional 2,470 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in SPDR Portfolio High Yield Bond ETF by 625.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock valued at $155,000 after purchasing an additional 5,570 shares during the period. Appleton Partners Inc. MA increased its stake in SPDR Portfolio High Yield Bond ETF by 2.1% in the third quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock valued at $2,804,000 after purchasing an additional 2,397 shares during the period. Finally, Godshalk Welsh Capital Management Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 2.9% in the second quarter. Godshalk Welsh Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $418,000 after purchasing an additional 500 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.79 on Friday. The firm has a market cap of $4.83 billion, a PE ratio of 3.97 and a beta of 0.34. SPDR Portfolio High Yield Bond ETF has a one year low of $21.80 and a one year high of $24.07. The firm’s fifty day moving average is $23.74 and its two-hundred day moving average is $23.41.

SPDR Portfolio High Yield Bond ETF Company Profile

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.