ProVise Management Group LLC Has $6.85 Million Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

ProVise Management Group LLC decreased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 287,633 shares of the company’s stock after selling 5,092 shares during the period. ProVise Management Group LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $6,846,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grimes & Company Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $166,945,000. Municipal Employees Retirement System of Michigan increased 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 purchasing an additional 4,666,949 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 24.1% in the first 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 period. Toews Corp ADV bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth $23,498,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $20,056,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.59 on Friday. The stock’s fifty day simple moving average is $23.80 and its 200 day simple moving average is $23.64. The company has a market capitalization of $9.95 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99.

SPDR Portfolio High Yield Bond ETF Company 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.