NewEdge Advisors LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 26.4% during the second quarter, Holdings Channel reports. The firm owned 334,333 shares of the company’s stock after buying an additional 69,852 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $7,837,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SPHY. Gambit Capital Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $557,000. HighTower Advisors LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 212.9% during the fourth quarter. HighTower Advisors LLC now owns 274,198 shares of the company’s stock worth $6,490,000 after acquiring an additional 186,563 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 24.2% during the fourth quarter. Stephens Inc. AR now owns 153,550 shares of the company’s stock valued at $3,635,000 after acquiring an additional 29,942 shares during the period. Hilltop Partners LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.1% during the fourth quarter. Hilltop Partners LLC now owns 549,959 shares of the company’s stock valued at $13,018,000 after acquiring an additional 21,452 shares during the period. Finally, TMB Capital Partners LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $561,000.
SPDR Portfolio High Yield Bond ETF Stock Performance
SPHY opened at $23.00 on Friday. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The firm’s 50-day simple moving average is $23.26 and its 200-day simple moving average is $23.36. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.99 and a twelve month 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.
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Want to see what other hedge funds are holding SPHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report).
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