Northeast Financial Group Inc. Acquires 232,162 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Northeast Financial Group Inc. increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 1,616.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 246,526 shares of the company’s stock after purchasing an additional 232,162 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up approximately 1.5% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 23rd biggest position. Northeast Financial Group Inc. owned approximately 0.06% of SPDR Portfolio High Yield Bond ETF worth $5,902,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Index Fund Advisors Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 0.9% in the third quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock worth $1,131,000 after buying an additional 421 shares in the last quarter. Inscription Capital LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.5% during the 3rd quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock valued at $716,000 after acquiring an additional 454 shares during the period. Cumberland Partners Ltd increased its holdings in SPDR Portfolio High Yield Bond ETF by 4.5% in the 3rd quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock worth $260,000 after acquiring an additional 466 shares in the last quarter. Lynx Investment Advisory raised its stake in SPDR Portfolio High Yield Bond ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock worth $302,000 after acquiring an additional 522 shares during the period. Finally, Bank of Montreal Can lifted its holdings in SPDR Portfolio High Yield Bond ETF by 5.4% during the second quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock valued at $242,000 after purchasing an additional 525 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $23.76 on Friday. The company has a 50 day simple moving average of $23.73 and a two-hundred day simple moving average of $23.75. The firm has a market cap of $10.51 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.