Planwiser Financial LLC Raises Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Planwiser Financial LLC grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 107.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,882 shares of the company’s stock after purchasing an additional 68,728 shares during the period. SPDR Portfolio High Yield Bond ETF comprises about 2.5% of Planwiser Financial LLC’s investment portfolio, making the stock its 15th biggest holding. Planwiser Financial LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. CreativeOne Wealth LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 44.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 15,338 shares of the company’s stock valued at $367,000 after buying an additional 4,707 shares during the last quarter. Ameriflex Group Inc. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 891.7% in the 3rd quarter. Ameriflex Group Inc. now owns 18,833 shares of the company’s stock worth $451,000 after buying an additional 16,934 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 178.1% in the third quarter. Blair William & Co. IL now owns 22,203 shares of the company’s stock worth $532,000 after acquiring an additional 14,220 shares during the period. Advisory Alpha LLC increased its position in SPDR Portfolio High Yield Bond ETF by 5.9% during the third quarter. Advisory Alpha LLC now owns 3,443,034 shares of the company’s stock valued at $82,061,000 after acquiring an additional 192,335 shares during the last quarter. Finally, Insigneo Advisory Services LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at $280,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.36 on Friday. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The business’s 50-day moving average is $23.72 and its two-hundred day moving average is $23.74. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1396 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.