SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 39.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,502,235 shares of the company’s stock after selling 18,442,048 shares during the period. Bank of America Corp DE owned 0.06% of SPDR Portfolio High Yield Bond ETF worth $664,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HF Advisory Group LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 11.5% during the fourth quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock worth $4,958,000 after buying an additional 21,552 shares during the last quarter. Financial Advisory Partners LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 8.1% during the 4th quarter. Financial Advisory Partners LLC now owns 449,158 shares of the company’s stock worth $10,632,000 after acquiring an additional 33,785 shares during the last quarter. Rede Wealth LLC acquired a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $1,391,000. Diversified Enterprises LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 17.5% in the 4th quarter. Diversified Enterprises LLC now owns 148,109 shares of the company’s stock valued at $3,506,000 after buying an additional 22,053 shares in the last quarter. Finally, Elm3 Financial Group LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth about $1,650,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.27 on Friday. The company has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The company’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $23.47.

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.