Thrivent Financial for Lutherans Has $8.33 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Thrivent Financial for Lutherans reduced its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 36.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 351,597 shares of the company’s stock after selling 203,451 shares during the period. Thrivent Financial for Lutherans’ holdings in SPDR Portfolio High Yield Bond ETF were worth $8,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares during the period. Fourth Dimension Wealth LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after acquiring an additional 633 shares during the period. Allworth Financial LP boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the period. Golden State Wealth Management LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 100.5% in the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after acquiring an additional 1,114 shares during the period. Finally, Elevated Capital Advisors LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at about $67,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.24 on Wednesday. The firm has a 50-day moving average of $23.39 and a 200-day moving average of $23.59. The stock has a market cap of $10.41 billion, a PE 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.

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.