Oxbow Advisors LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 10,866 shares of the company’s stock, valued at approximately $259,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPHY. Grimes & Company Inc. purchased a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $166,945,000. Municipal Employees Retirement System of Michigan lifted its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% in 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 acquiring an additional 4,666,949 shares during the period. Ameriprise Financial Inc. lifted its holdings 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 valued at $191,695,000 after acquiring an additional 1,587,936 shares during the period. Toews Corp ADV acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $23,498,000. Finally, Belpointe Asset Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $20,056,000.
SPDR Portfolio High Yield Bond ETF Stock Performance
SPDR Portfolio High Yield Bond ETF stock opened at $23.78 on Friday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The business has a fifty day moving average of $23.80 and a two-hundred day moving average of $23.52. The company has a market cap of $9.57 billion, a P/E ratio of 7.31 and a beta of 0.42.
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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