Stratos Wealth Partners LTD. Acquires New Position in SPDR Portfolio High Yield Bond ETF $SPHY

Stratos Wealth Partners LTD. bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 28,650 shares of the company’s stock, valued at approximately $686,000.

A number of other large investors have also recently modified their holdings of SPHY. Auour Investments LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 207.7% during the 3rd quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after buying an additional 47,862 shares during the period. GatePass Capital LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock valued at $1,402,000 after acquiring an additional 38,350 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 116.6% during the third quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after acquiring an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 378.6% during the third quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock worth $3,009,000 after purchasing an additional 99,433 shares during the period. Finally, DT Investment Partners LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the third quarter. DT Investment Partners LLC now owns 462,620 shares of the company’s stock worth $11,075,000 after purchasing an additional 23,589 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

NYSEARCA SPHY opened at $23.72 on Wednesday. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The stock has a fifty day simple moving average of $23.73 and a 200 day simple moving average of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.