General Partner Inc. Buys New Position in SPDR Portfolio High Yield Bond ETF $SPHY

General Partner Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,000 shares of the company’s stock, valued at approximately $609,000.

A number of other institutional investors have also recently made changes to their positions in SPHY. Sei Investments Co. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after buying an additional 1,061,796 shares in the last quarter. LPL Financial LLC raised its position in SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after purchasing an additional 967,530 shares in the last quarter. Ameriprise Financial Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after purchasing an additional 46,030 shares in the last quarter. Finally, US Bancorp DE lifted its stake in SPDR Portfolio High Yield Bond ETF by 14.8% during the fourth quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock worth $154,106,000 after purchasing an additional 841,165 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.3%

SPHY opened at $23.20 on Tuesday. The stock has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a 50-day moving average price of $23.35 and a 200-day moving average price of $23.46. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99.

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.