NEOS Investment Management LLC Purchases 144,396 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

NEOS Investment Management LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,949,097 shares of the company’s stock after acquiring an additional 144,396 shares during the period. NEOS Investment Management LLC owned about 0.46% of SPDR Portfolio High Yield Bond ETF worth $46,378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of SPHY. Auour Investments LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 207.7% in the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after acquiring an additional 47,862 shares in the last quarter. GatePass Capital LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after buying an additional 38,350 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 116.6% during the third quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after buying an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after acquiring an additional 99,433 shares during the period. Finally, DT Investment Partners LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 5.4% during the 3rd quarter. DT Investment Partners LLC now owns 462,620 shares of the company’s stock worth $11,075,000 after acquiring an additional 23,589 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA:SPHY opened at $23.74 on Tuesday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The business has a 50-day moving average price of $23.73 and a 200-day moving average price of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.