Trivium Point Advisory LLC Sells 113,095 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Trivium Point Advisory LLC cut its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 91.3% in the third quarter, Holdings Channel reports. The institutional investor owned 10,791 shares of the company’s stock after selling 113,095 shares during the period. Trivium Point Advisory LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $258,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPHY. Newbridge Financial Services Group Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the last quarter. Fourth Dimension Wealth LLC lifted its stake in 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 worth $32,000 after purchasing an additional 633 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of 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 buying an additional 1,114 shares during the period. CoreCap Advisors LLC grew its stake in shares of 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 buying an additional 628 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter worth approximately $84,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.70 on Monday. The stock has a 50 day moving average price of $23.74 and a 200 day moving average price of $23.75. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The firm has a market capitalization of $10.48 billion, a P/E ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.1396 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Monday, March 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.