SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Shares Sold by Mechanics Financial Corp

Mechanics Financial Corp reduced its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,122 shares of the company’s stock after selling 873 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 1.1% of Mechanics Financial Corp’s portfolio, making the stock its 16th biggest holding. Mechanics Financial Corp owned approximately 0.05% of SPDR Portfolio High Yield Bond ETF worth $2,491,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $12,909,000. BlueStem Wealth Partners LLC acquired a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $12,571,000. Madison Investment Advisors LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $10,470,000. Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 63.3% during the 4th quarter. Farther Finance Advisors LLC now owns 704,070 shares of the company’s stock worth $16,525,000 after buying an additional 272,892 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock valued at $5,395,000 after acquiring an additional 198,457 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA:SPHY opened at $23.41 on Friday. The firm has a market capitalization of $7.70 billion, a PE ratio of 59.88 and a beta of 0.47. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.82 and a 12 month high of $24.07. The business has a 50-day moving average of $23.66 and a two-hundred day moving average of $23.71.

About SPDR Portfolio High Yield Bond ETF

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.