Tenet Wealth Partners LLC Purchases Shares of 45,340 SPDR Portfolio High Yield Bond ETF $SPHY

Tenet Wealth Partners LLC purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the second quarter, HoldingsChannel reports. The firm purchased 45,340 shares of the company’s stock, valued at approximately $1,052,000. SPDR Portfolio High Yield Bond ETF accounts for 0.8% of Tenet Wealth Partners LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPHY. Newbridge Financial Services Group Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after buying an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth $38,000. Smartleaf Asset Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after buying an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 54.7% during the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after acquiring an additional 623 shares during the period. Finally, Arax Advisory Partners bought a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at about $53,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.16 on Friday. The stock’s 50-day simple moving average is $23.29 and its 200-day simple moving average is $23.38. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.