Diversify Wealth Management LLC Purchases 534,024 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Diversify Wealth Management LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 82.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,178,808 shares of the company’s stock after acquiring an additional 534,024 shares during the quarter. Diversify Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $27,690,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its stake in 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 buying an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 301.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after buying an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after acquiring an additional 623 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% during the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after acquiring an additional 2,000 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY stock traded down $0.01 during midday trading on Friday, hitting $23.33. The company’s stock had a trading volume of 3,303,710 shares, compared to its average volume of 5,652,479. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99. The stock has a market capitalization of $11.19 billion, a P/E ratio of 7.31 and a beta of 0.38. The company’s fifty day moving average price is $23.39 and its 200 day moving average price is $23.52.

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.