Flagship Harbor Advisors LLC Sells 74,840 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Flagship Harbor Advisors LLC cut its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 34.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,206 shares of the company’s stock after selling 74,840 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPHY. Horizon Investment Services LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 6.6% during the third quarter. Horizon Investment Services LLC now owns 355,271 shares of the company’s stock worth $8,505,000 after acquiring an additional 22,083 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 78,641 shares of the company’s stock valued at $1,883,000 after purchasing an additional 4,359 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 2.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 80,751 shares of the company’s stock valued at $1,933,000 after purchasing an additional 2,030 shares during the last quarter. Envestnet Asset Management Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock worth $87,985,000 after purchasing an additional 602,997 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at approximately $288,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.64 on Friday. The company’s 50 day moving average price is $23.73 and its two-hundred day moving average price is $23.75. The firm has a market capitalization of $10.45 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1379 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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.