Acorn Financial Advisory Services Inc. ADV grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 10.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,615 shares of the company’s stock after acquiring an additional 2,919 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in SPDR Portfolio High Yield Bond ETF were worth $705,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SPHY. Janney Montgomery Scott LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 5,093.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 442,812 shares of the company’s stock valued at $10,371,000 after acquiring an additional 434,286 shares during the period. Investment Research & Advisory Group Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 26.3% in the 1st quarter. Investment Research & Advisory Group Inc. now owns 5,719 shares of the company’s stock valued at $134,000 after acquiring an additional 1,190 shares during the period. ORG Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at $26,000. Appleton Partners Inc. MA raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 3.9% in the 1st quarter. Appleton Partners Inc. MA now owns 124,988 shares of the company’s stock valued at $2,927,000 after acquiring an additional 4,669 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 485.9% in the 1st quarter. Golden State Wealth Management LLC now owns 2,830 shares of the company’s stock valued at $66,000 after acquiring an additional 2,347 shares during the period.
SPDR Portfolio High Yield Bond ETF Price Performance
SPDR Portfolio High Yield Bond ETF stock opened at $23.69 on Tuesday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42. The firm’s fifty day moving average price is $23.79 and its 200 day moving average price is $23.51.
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.
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