Rialto Wealth Management LLC Grows Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Rialto Wealth Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 60.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,801 shares of the company’s stock after buying an additional 47,930 shares during the quarter. Rialto Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPHY. Sei Investments Co. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock worth $399,112,000 after acquiring an additional 859,566 shares during the last quarter. Vantagepoint Investment Advisers LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock worth $181,098,000 after purchasing an additional 95,000 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 2.7% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after purchasing an additional 186,060 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock valued at $87,985,000 after buying an additional 602,997 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 3.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,416,858 shares of the company’s stock worth $81,800,000 after buying an additional 100,000 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.2%

Shares of SPHY opened at $23.74 on Monday. 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 capitalization of $10.50 billion, a P/E ratio of 7.31 and a beta of 0.39. The stock’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1379 dividend. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.