Balefire LLC Sells 89,724 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Balefire LLC reduced its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 89.4% during the first quarter, HoldingsChannel reports. The firm owned 10,611 shares of the company’s stock after selling 89,724 shares during the period. Balefire LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SPHY. Newbridge Financial Services Group Inc. grew 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 worth $29,000 after buying an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth $38,000. Smartleaf Asset Management LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 301.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after buying an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 54.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after buying an additional 623 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% during the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after buying an additional 2,000 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.32 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The company has a market capitalization of $11.46 billion, a P/E ratio of 7.31 and a beta of 0.38. The company has a fifty day moving average of $23.37 and a 200-day moving average of $23.50.

SPDR Portfolio High Yield Bond ETF 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.