Iowa State Bank Buys 8,308 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Iowa State Bank grew its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547,338 shares of the company’s stock after purchasing an additional 8,308 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up about 2.6% of Iowa State Bank’s holdings, making the stock its 10th biggest position. Iowa State Bank owned 0.15% of SPDR Portfolio High Yield Bond ETF worth $13,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Grimes & Company Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at approximately $166,945,000. Municipal Employees Retirement System of Michigan raised its position in shares of SPDR Portfolio High Yield Bond ETF by 362.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after purchasing an additional 4,666,949 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock valued at $191,695,000 after acquiring an additional 1,587,936 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $20,056,000. Finally, Farther Finance Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 58.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after acquiring an additional 500,938 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

Shares of NYSEARCA SPHY opened at $23.81 on Monday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The stock has a market capitalization of $9.48 billion, a PE ratio of 7.31 and a beta of 0.42. The firm has a fifty day moving average of $23.79 and a 200-day moving average of $23.51.

About SPDR Portfolio High Yield Bond ETF

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.