J. Safra Sarasin Holding AG Buys New Shares in SPDR Portfolio High Yield Bond ETF $SPHY

J. Safra Sarasin Holding AG purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 34,835 shares of the company’s stock, valued at approximately $804,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its holdings in shares of 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 valued at $29,000 after purchasing an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $38,000. Smartleaf Asset Management LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 301.9% in the fourth 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 last quarter. Physician Wealth Advisors Inc. increased its holdings in SPDR Portfolio High Yield Bond ETF by 54.7% in the first 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 last quarter. Finally, Allworth Financial LP increased its holdings in SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third 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 during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.32 on Wednesday. The stock has a market cap of $11.41 billion, a PE ratio of 7.31 and a beta of 0.38. The stock’s fifty day moving average is $23.38 and its two-hundred day moving average is $23.51. SPDR Portfolio High Yield Bond ETF has a 1-year low of $23.02 and a 1-year high of $23.99.

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.