Rialto Wealth Management LLC Buys 19,915 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Rialto Wealth Management LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 33.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,871 shares of the company’s stock after acquiring an additional 19,915 shares during the quarter. Rialto Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 122.8% in the first quarter. Bank of New York Mellon Corp now owns 95,601 shares of the company’s stock worth $2,239,000 after purchasing an additional 52,690 shares during the last quarter. Cornerstone Enterprises LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 1.7% during the 2nd quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock valued at $40,799,000 after buying an additional 29,303 shares during the last quarter. MGO Private Wealth LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $396,000. WCG Wealth Advisors LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 12.7% during the 1st quarter. WCG Wealth Advisors LLC now owns 57,045 shares of the company’s stock valued at $1,336,000 after buying an additional 6,449 shares during the period. Finally, Petra Financial Advisors Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 6.2% in the 2nd quarter. Petra Financial Advisors Inc. now owns 12,240 shares of the company’s stock worth $291,000 after acquiring an additional 718 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1%

SPHY stock opened at $23.63 on Friday. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The firm’s 50-day moving average price is $23.81 and its two-hundred day moving average price is $23.63. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99.

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.