New Insight Wealth Advisors Sells 4,513 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

New Insight Wealth Advisors lowered its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 9.8% in the 2nd quarter, Holdings Channel reports. The firm owned 41,765 shares of the company’s stock after selling 4,513 shares during the quarter. New Insight Wealth Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $994,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 24.1% in the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the first quarter worth approximately $171,137,000. Municipal Employees Retirement System of Michigan increased its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock valued at $139,451,000 after buying an additional 4,666,949 shares during the period. Farther Finance Advisors LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 58.4% during the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock valued at $32,342,000 after buying an additional 500,938 shares during the period. Finally, RFG Holdings Inc. increased its holdings in SPDR Portfolio High Yield Bond ETF by 0.4% during the second quarter. RFG Holdings Inc. now owns 1,040,552 shares of the company’s stock valued at $24,765,000 after buying an additional 4,157 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Down 0.3%

Shares of SPHY stock opened at $23.88 on Friday. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42. The company’s 50 day moving average is $23.77 and its 200 day moving average is $23.49. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $24.07.

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.