Prosperity Wealth Management Inc. Has $4.63 Million Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Prosperity Wealth Management Inc. lowered its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 194,384 shares of the company’s stock after selling 4,754 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for about 1.7% of Prosperity Wealth Management Inc.’s investment portfolio, making the stock its 9th largest holding. Prosperity Wealth Management Inc. owned about 0.05% of SPDR Portfolio High Yield Bond ETF worth $4,626,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPHY. Grimes & Company Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $166,945,000. Municipal Employees Retirement System of Michigan raised its position in shares of SPDR Portfolio High Yield Bond ETF by 362.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after acquiring an additional 4,666,949 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after acquiring an additional 1,587,936 shares in the last quarter. Toews Corp ADV bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $23,498,000. Finally, Belpointe Asset Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $20,056,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY stock opened at $23.80 on Friday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The firm has a market cap of $9.98 billion, a PE ratio of 7.31 and a beta of 0.39. The business has a 50 day moving average of $23.83 and a 200 day moving average of $23.61.

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.