FLC Capital Advisors Lowers Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

FLC Capital Advisors decreased its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 92.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,471 shares of the company’s stock after selling 188,760 shares during the quarter. FLC Capital Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $344,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPHY. ORG Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at $26,000. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 485.9% during the 1st quarter. Golden State Wealth Management LLC now owns 2,830 shares of the company’s stock valued at $66,000 after buying an additional 2,347 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.1% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 47,948 shares of the company’s stock valued at $1,123,000 after buying an additional 513 shares in the last quarter. Westend Capital Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at $105,000. Finally, Morton Brown Family Wealth LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at $119,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY opened at $23.78 on Monday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The firm’s fifty day moving average is $23.80 and its 200 day moving average is $23.53. The stock has a market cap of $9.61 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42.

About SPDR Portfolio High Yield Bond ETF

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.