NewSquare Capital LLC Reduces Stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

NewSquare Capital LLC trimmed its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,610 shares of the company’s stock after selling 2,444 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 0.9% of NewSquare Capital LLC’s holdings, making the stock its 29th biggest position. NewSquare Capital LLC owned approximately 0.70% of SPDR Portfolio High Yield Bond ETF worth $9,857,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 1,648.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,497 shares of the company’s stock valued at $78,000 after buying an additional 3,297 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at approximately $170,000. Avior Wealth Management LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at approximately $391,000. Edmonds Duncan Registered Investment Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 3.4% during the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 28,404 shares of the company’s stock valued at $664,000 after buying an additional 939 shares in the last quarter. Finally, Exchange Bank purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at approximately $751,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.3 %

Shares of SPHY stock traded up $0.07 during trading on Tuesday, reaching $23.13. 1,717,956 shares of the company’s stock traded hands, compared to its average volume of 2,828,125. SPDR Portfolio High Yield Bond ETF has a 1 year low of $21.80 and a 1 year high of $23.57. The company has a market capitalization of $4.18 billion, a P/E ratio of 3.93 and a beta of 0.33. The firm’s 50-day moving average is $23.26 and its 200 day moving average is $23.01.

SPDR Portfolio High Yield Bond ETF 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.