State of New Jersey Common Pension Fund D Acquires 100,000 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

State of New Jersey Common Pension Fund D boosted its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,416,858 shares of the company’s stock after buying an additional 100,000 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.81% of SPDR Portfolio High Yield Bond ETF worth $81,800,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Auour Investments LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 207.7% in the 3rd quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock valued at $1,697,000 after buying an additional 47,862 shares in the last quarter. GatePass Capital LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 189.9% in the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after acquiring an additional 38,350 shares during the period. Commonwealth Equity Services LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 116.6% in the third quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after purchasing an additional 153,035 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 378.6% in the third quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after purchasing an additional 99,433 shares in the last quarter. Finally, DT Investment Partners LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the 3rd quarter. DT Investment Partners LLC now owns 462,620 shares of the company’s stock valued at $11,075,000 after purchasing an additional 23,589 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.74 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The stock’s 50-day simple moving average is $23.73 and its 200 day simple moving average is $23.75. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1379 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.0%.

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.