Financial Life Advisors Has $7.89 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Life Advisors grew its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 23.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 329,370 shares of the company’s stock after buying an additional 61,887 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for about 2.5% of Financial Life Advisors’ holdings, making the stock its 14th biggest holding. Financial Life Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $7,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after acquiring an additional 745 shares during the period. Fifth Third Bancorp acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $50,000. Trilogy Capital Inc. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 11.0% in the 2nd quarter. Trilogy Capital Inc. now owns 28,505 shares of the company’s stock valued at $678,000 after purchasing an additional 2,835 shares during the last quarter. TFG Advisers LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 14.0% during the second quarter. TFG Advisers LLC now owns 24,946 shares of the company’s stock worth $594,000 after buying an additional 3,066 shares during the period. Finally, Ascent Group LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth $290,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

SPHY stock opened at $23.79 on Friday. The firm has a market cap of $10.50 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. The company’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $23.74.

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.