SPDR Portfolio High Yield Bond ETF $SPHY Position Boosted by Kensington Asset Management LLC

Kensington Asset Management LLC lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,261,605 shares of the company’s stock after buying an additional 90,675 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up about 4.0% of Kensington Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Kensington Asset Management LLC owned about 0.74% of SPDR Portfolio High Yield Bond ETF worth $77,267,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE raised its stake in SPDR Portfolio High Yield Bond ETF by 10.5% during the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after purchasing an additional 4,256,596 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at $85,587,000. Advisors Capital Management LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at $72,441,000. Ameriprise Financial Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 148,527.0% during the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after purchasing an additional 1,093,159 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

SPDR Portfolio High Yield Bond ETF stock opened at $23.41 on Friday. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The firm’s fifty day moving average is $23.43 and its 200 day moving average is $23.56. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99.

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.