MainStreet Investment Advisors LLC Acquires New Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

MainStreet Investment Advisors LLC purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,010 shares of the company’s stock, valued at approximately $610,000.

A number of other large investors also recently added to or reduced their stakes in SPHY. JPMorgan Chase & Co. lifted its holdings in SPDR Portfolio High Yield Bond ETF by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock worth $5,395,000 after purchasing an additional 198,457 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 13.2% in the 4th quarter. Fiduciary Alliance LLC now owns 82,893 shares of the company’s stock worth $1,945,000 after purchasing an additional 9,634 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after acquiring an additional 447 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 17.9% during the 4th quarter. Arkadios Wealth Advisors now owns 34,215 shares of the company’s stock valued at $803,000 after acquiring an additional 5,206 shares during the last quarter. Finally, BTS Asset Management Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 122.1% during the 4th quarter. BTS Asset Management Inc. now owns 47,109 shares of the company’s stock valued at $1,106,000 after acquiring an additional 25,899 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.46 on Wednesday. The company has a market capitalization of $7.80 billion, a P/E ratio of 7.31 and a beta of 0.40. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $24.07. The stock has a 50 day moving average price of $23.18 and a 200-day moving average price of $23.51.

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.