Financial Futures Ltd Liability Co. Purchases 96,604 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Financial Futures Ltd Liability Co. increased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 17.6% in the first quarter, HoldingsChannel.com reports. The fund owned 646,986 shares of the company’s stock after buying an additional 96,604 shares during the period. SPDR Portfolio High Yield Bond ETF comprises approximately 6.6% of Financial Futures Ltd Liability Co.’s investment portfolio, making the stock its 3rd biggest holding. Financial Futures Ltd Liability Co.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $15,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPHY. Bank of America Corp DE increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after purchasing an additional 4,256,596 shares during the period. Sei Investments Co. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 6.3% in the third quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock worth $426,678,000 after purchasing an additional 1,053,670 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after purchasing an additional 967,530 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after purchasing an additional 2,232,954 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 0.6% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after buying an additional 46,030 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.0%

Shares of NYSEARCA:SPHY opened at $23.41 on Friday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99. The company’s 50 day moving average is $23.43 and its 200 day moving average is $23.54. The company has a market cap of $10.48 billion, a PE ratio of 7.31 and a beta of 0.38.

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.