Dunhill Financial LLC Sells 34,396 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Dunhill Financial LLC cut its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,763 shares of the company’s stock after selling 34,396 shares during the quarter. Dunhill Financial LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the period. Fourth Dimension Wealth LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after acquiring an additional 633 shares during the period. Golden State Wealth Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 100.5% during the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after acquiring an additional 1,114 shares in the last quarter. CoreCap Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 22.8% during the third quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after acquiring an additional 628 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new stake in SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth approximately $84,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.70 on Friday. The company’s 50 day simple moving average is $23.74 and its two-hundred day simple moving average is $23.75. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The stock has a market capitalization of $10.48 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

SPDR Portfolio High Yield Bond ETF 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.