Kathmere Capital Management LLC Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Kathmere Capital Management LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,253 shares of the company’s stock, valued at approximately $2,988,000.

A number of other institutional investors also recently bought and sold shares of SPHY. Newbridge Financial Services Group Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 171.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the period. Fourth Dimension Wealth LLC increased its position in SPDR Portfolio High Yield Bond ETF by 89.2% in the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after buying an additional 633 shares in the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares during the period. Golden State Wealth Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after buying an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after buying an additional 628 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.6%

Shares of NYSEARCA:SPHY opened at $23.13 on Friday. The stock has a 50 day moving average of $23.60 and a 200 day moving average of $23.70. The company has a market cap of $10.23 billion, a PE 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 Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1396 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.