TSG Advice Partners LLC Purchases New Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

TSG Advice Partners LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 503,965 shares of the company’s stock, valued at approximately $11,752,000. SPDR Portfolio High Yield Bond ETF accounts for approximately 1.8% of TSG Advice Partners LLC’s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors have also added to or reduced their stakes in SPHY. Integrated Wealth Concepts LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after buying an additional 745 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 5.5% during the 2nd quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock valued at $8,098,000 after acquiring an additional 17,658 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in SPDR Portfolio High Yield Bond ETF by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock valued at $21,498,000 after acquiring an additional 5,169 shares during the period. EP Wealth Advisors LLC grew its position in SPDR Portfolio High Yield Bond ETF by 71.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock valued at $240,000 after acquiring an additional 4,198 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF by 5.3% in the 2nd quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock valued at $1,637,000 after acquiring an additional 3,481 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.6%

SPHY stock opened at $23.31 on Thursday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The business’s fifty day simple moving average is $23.42 and its two-hundred day simple moving average is $23.53.

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.