Kathmere Capital Management LLC Sells 61,531 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Kathmere Capital Management LLC lowered its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 48.7% during the first quarter, Holdings Channel reports. The institutional investor owned 64,722 shares of the company’s stock after selling 61,531 shares during the period. Kathmere Capital Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,509,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after acquiring an additional 4,256,596 shares during the last quarter. Sei Investments Co. grew its position 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 valued at $426,678,000 after purchasing an additional 1,053,670 shares during the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 12.3% in the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after purchasing an additional 967,530 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after purchasing an additional 46,030 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.34 on Monday. The stock has a market cap of $11.30 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a 50 day simple moving average of $23.41 and a 200 day simple moving average of $23.52. 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.