Envestnet Asset Management Inc. Acquires 602,997 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,675,220 shares of the company’s stock after acquiring an additional 602,997 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $87,985,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SPHY. Sei Investments Co. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after purchasing an additional 859,566 shares during the period. Vantagepoint Investment Advisers LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after buying an additional 95,000 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after buying an additional 186,060 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 4.2% in the second quarter. 1832 Asset Management L.P. now owns 3,399,653 shares of the company’s stock valued at $80,912,000 after buying an additional 138,308 shares during the period. Finally, MML Investors Services LLC grew its position in SPDR Portfolio High Yield Bond ETF by 55.5% during the second quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock worth $61,105,000 after buying an additional 916,341 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

Shares of SPHY opened at $23.71 on Friday. The stock’s 50-day moving average price is $23.72 and its 200 day moving average price is $23.75. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.1379 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Monday, February 2nd.

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.