Bauman Advisory Group LLC Makes New $515,000 Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Bauman Advisory Group LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, Holdings Channel reports. The firm acquired 21,760 shares of the company’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares during the period. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth about $38,000. Smartleaf Asset Management LLC increased its position in SPDR Portfolio High Yield Bond ETF by 301.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after acquiring an additional 1,262 shares during the period. Allworth Financial LP raised 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 worth $52,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $53,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

NYSEARCA SPHY opened at $23.44 on Friday. The firm has a 50-day moving average price of $23.44 and a two-hundred day moving average price of $23.55. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The company has a market capitalization of $10.50 billion, a P/E ratio of 7.31 and a beta of 0.38.

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.