Gateway Wealth Partners LLC Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Gateway Wealth Partners LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 24,437 shares of the company’s stock, valued at approximately $570,000.

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

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.26 on Friday. The company has a market capitalization of $11.63 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The business’s fifty day moving average is $23.36 and its 200 day moving average is $23.47.

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.