NewEdge Advisors LLC Sells 146,058 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

NewEdge Advisors LLC lowered its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 55.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,669 shares of the company’s stock after selling 146,058 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,697,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at $85,587,000. Ameriprise Financial Inc. raised its stake 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 worth $207,971,000 after purchasing an additional 2,232,954 shares during the period. Cetera Investment Advisers boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 68.1% in the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock worth $82,932,000 after buying an additional 1,441,014 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after buying an additional 1,093,159 shares during the last quarter. Finally, Sei Investments Co. grew its position in SPDR Portfolio High Yield Bond ETF by 5.7% during the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after buying an additional 1,061,796 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY opened at $23.27 on Friday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The firm has a 50-day moving average of $23.35 and a 200 day moving average of $23.47. The firm has a market cap of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38.

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.