SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Kensington Asset Management LLC

Kensington Asset Management LLC reduced its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,128,978 shares of the company’s stock after selling 132,627 shares during the period. SPDR Portfolio High Yield Bond ETF comprises 3.4% of Kensington Asset Management LLC’s holdings, making the stock its 13th biggest position. Kensington Asset Management LLC owned about 0.70% of SPDR Portfolio High Yield Bond ETF worth $72,968,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 301.9% in 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 during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 54.7% in 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 during the period. Finally, Arax Advisory Partners purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth about $53,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

Shares of SPHY opened at $23.27 on Friday. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The stock’s 50-day moving average price is $23.35 and its 200-day moving average price is $23.47.

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.