Trek Financial LLC Makes New $9.96 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Trek Financial LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 440,977 shares of the company’s stock, valued at approximately $9,962,000. Trek Financial LLC owned about 0.08% of SPDR Portfolio High Yield Bond ETF at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State of Wyoming bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth approximately $371,291,000. Vantagepoint Investment Advisers LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the third quarter valued at $171,715,000. NEOS Investment Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $69,777,000. Conning Inc. purchased a new position in SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $61,580,000. Finally, Ocean Park Asset Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 53.4% in the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock worth $142,534,000 after purchasing an additional 2,116,024 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $22.60 on Monday. The company has a 50-day moving average price of $22.82 and a 200-day moving average price of $23.29. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.32 and a 12 month high of $23.86. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

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.