Kingswood Wealth Advisors LLC Boosts Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Kingswood Wealth Advisors LLC raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 239.1% during the third quarter, HoldingsChannel.com reports. The fund owned 35,674 shares of the company’s stock after purchasing an additional 25,154 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Index Fund Advisors Inc. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 0.9% during the third quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock valued at $1,131,000 after purchasing an additional 421 shares in the last quarter. Bank of Montreal Can boosted its stake in SPDR Portfolio High Yield Bond ETF by 5.4% during the second quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock valued at $242,000 after buying an additional 525 shares during the last quarter. Investment Research & Advisory Group Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 3.5% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 17,308 shares of the company’s stock valued at $414,000 after buying an additional 590 shares in the last quarter. Stephens Inc. AR increased its stake in SPDR Portfolio High Yield Bond ETF by 0.8% in the 2nd quarter. Stephens Inc. AR now owns 80,839 shares of the company’s stock worth $1,924,000 after acquiring an additional 609 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings 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 worth $81,000 after acquiring an additional 628 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.79 on Friday. The company has a market capitalization of $10.62 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The stock has a 50 day moving average price of $23.68 and a 200-day moving average price of $23.73.

SPDR Portfolio High Yield Bond ETF Company 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.