Northwestern Mutual Wealth Management Co. Acquires 52,594 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Northwestern Mutual Wealth Management Co. boosted its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 44.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,316 shares of the company’s stock after purchasing an additional 52,594 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,055,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the period. Allworth Financial LP boosted its stake in SPDR Portfolio High Yield Bond ETF by 1,098.9% in the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the period. Elevated Capital Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $67,000. Caitlin John LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at $84,000. Finally, Chapman Financial Group LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $90,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $23.36 on Friday. The business has a fifty day simple moving average of $23.42 and a 200 day simple moving average of $23.57. The company has a market capitalization of $10.46 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99.

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.