Conning Inc. bought a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,726,004 shares of the company’s stock, valued at approximately $61,580,000. SPDR Portfolio High Yield Bond ETF accounts for about 1.9% of Conning Inc.’s investment portfolio, making the stock its 3rd largest holding.
Other hedge funds also recently made changes to their positions in the company. Latitude Advisors LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at $35,000. Oppenheimer & Co. Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $272,000. Park Avenue Securities LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $876,000. Finally, Vantagepoint Investment Advisers LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $171,715,000.
SPDR Portfolio High Yield Bond ETF Price Performance
Shares of SPDR Portfolio High Yield Bond ETF stock opened at $22.67 on Thursday. The stock’s fifty day moving average is $22.85 and its 200-day moving average is $23.30. The firm has a market capitalization of $11.87 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.32 and a 12-month high of $23.92.
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.
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