Concurrent Investment Advisors LLC Acquires 16,042 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Concurrent Investment Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 156.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,266 shares of the company’s stock after purchasing an additional 16,042 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $625,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SPHY. Grimes & Company Inc. bought a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $166,945,000. Municipal Employees Retirement System of Michigan raised its position in SPDR Portfolio High Yield Bond ETF by 362.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock valued at $139,451,000 after purchasing an additional 4,666,949 shares during the last quarter. Ameriprise Financial Inc. raised its position in 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 valued at $191,695,000 after purchasing an additional 1,587,936 shares during the last quarter. Belpointe Asset Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $20,056,000. Finally, Farther Finance Advisors LLC raised its position in 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 valued at $32,342,000 after purchasing an additional 500,938 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.78 on Friday. The stock has a fifty day moving average price of $23.80 and a two-hundred day moving average price of $23.52. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The company has a market cap of $9.57 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42.

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.