NEOS Investment Management LLC Buys New Stake in SPDR Portfolio High Yield Bond ETF $SPHY

NEOS Investment Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,994,391 shares of the company’s stock, valued at approximately $69,777,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after purchasing an additional 1,262 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after purchasing an additional 623 shares during the period. Finally, Arax Advisory Partners acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $53,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

NYSEARCA:SPHY opened at $23.17 on Friday. The company has a market capitalization of $11.58 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The stock’s 50 day moving average price is $23.30 and its 200 day moving average price is $23.39.

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.