SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Verus Wealth Management LLC

Verus Wealth Management LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 167,259 shares of the company’s stock after purchasing an additional 9,350 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 4.0% of Verus Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Verus Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,981,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its stake in SPDR Portfolio High Yield Bond ETF by 362.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock valued at $139,451,000 after acquiring an additional 4,666,949 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 58.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after purchasing an additional 500,938 shares during the last quarter. Madison Asset Management LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 111.6% during the 1st quarter. Madison Asset Management LLC now owns 944,127 shares of the company’s stock valued at $22,111,000 after purchasing an additional 498,025 shares during the period. Finally, iA Global Asset Management Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 81.0% during the 1st quarter. iA Global Asset Management Inc. now owns 995,570 shares of the company’s stock worth $23,316,000 after buying an additional 445,570 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.81 on Friday. The firm has a market capitalization of $9.50 billion, a PE ratio of 7.31 and a beta of 0.42. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The business’s fifty day moving average price is $23.79 and its two-hundred day moving average price is $23.51.

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.