Northwestern Mutual Wealth Management Co. Buys 69,505 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 58.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,227 shares of the company’s stock after buying an additional 69,505 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Aspire Private Capital LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 1.6% during the 4th quarter. Aspire Private Capital LLC now owns 28,071 shares of the company’s stock worth $664,000 after buying an additional 435 shares during the period. PFG Investments LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.3% during the 4th quarter. PFG Investments LLC now owns 8,808 shares of the company’s stock worth $208,000 after buying an additional 440 shares during the period. Cumberland Partners Ltd lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 4.5% during the 3rd quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock worth $260,000 after buying an additional 466 shares during the period. Lynx Investment Advisory lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock worth $302,000 after buying an additional 522 shares during the period. Finally, Cahill Financial Advisors Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 1.7% during the 3rd quarter. Cahill Financial Advisors Inc. now owns 35,991 shares of the company’s stock worth $862,000 after buying an additional 586 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.41 on Monday. The stock has a fifty day moving average price of $23.39 and a two-hundred day moving average price of $23.58. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.