Bauman Advisory Group LLC Increases Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Bauman Advisory Group LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 752.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 185,483 shares of the company’s stock after purchasing an additional 163,723 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for 3.0% of Bauman Advisory Group LLC’s holdings, making the stock its 12th largest position. Bauman Advisory Group LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,325,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after acquiring an additional 967,530 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after purchasing an additional 46,030 shares in the last quarter. US Bancorp DE grew its position in shares of SPDR Portfolio High Yield Bond ETF by 14.8% during the fourth quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock valued at $154,106,000 after purchasing an additional 841,165 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.8% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 6,000,856 shares of the company’s stock worth $142,040,000 after purchasing an additional 46,531 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.36 on Friday. The company has a market capitalization of $11.43 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The business’s 50-day moving average is $23.38 and its 200 day moving average is $23.51.

About SPDR Portfolio High Yield Bond ETF

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.