IFP Advisors Inc raised its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 713.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 143,923 shares of the company’s stock after purchasing an additional 126,232 shares during the period. IFP Advisors Inc’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,425,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Cranbrook Wealth Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $26,000. ORG Partners LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the first quarter valued at about $26,000. Parallel Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $29,000. Golden State Wealth Management LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock valued at $33,000 after purchasing an additional 932 shares during the period. Finally, Centennial Bank AR bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the first quarter worth about $34,000.
SPDR Portfolio High Yield Bond ETF Stock Down 0.6%
NYSEARCA SPHY opened at $23.54 on Friday. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42. The business has a 50-day moving average price of $23.79 and a 200-day moving average price of $23.51. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99.
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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