Mechanics Financial Corp Sells 87,579 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Mechanics Financial Corp lowered its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 79.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,019 shares of the company’s stock after selling 87,579 shares during the quarter. Mechanics Financial Corp’s holdings in SPDR Portfolio High Yield Bond ETF were worth $524,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPHY. Municipal Employees Retirement System of Michigan grew its stake in SPDR Portfolio High Yield Bond ETF by 362.5% in the first 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 in the last quarter. Ameriprise Financial Inc. grew its stake in 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 worth $191,695,000 after purchasing an additional 1,587,936 shares in the last quarter. Farther Finance Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 58.4% in the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after purchasing an additional 500,938 shares in the last quarter. Madison Asset Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 111.6% in the first quarter. Madison Asset Management LLC now owns 944,127 shares of the company’s stock worth $22,111,000 after purchasing an additional 498,025 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 81.0% in the first quarter. iA Global Asset Management Inc. now owns 995,570 shares of the company’s stock worth $23,316,000 after purchasing an additional 445,570 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

Shares of NYSEARCA:SPHY opened at $23.83 on Friday. The stock has a market cap of $9.19 billion, a P/E ratio of 7.31 and a beta of 0.42. The business’s 50 day moving average is $23.79 and its 200 day moving average is $23.50. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99.

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.