Sound Income Strategies LLC Has $3.84 Million Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Sound Income Strategies LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 62.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,972 shares of the company’s stock after purchasing an additional 62,409 shares during the quarter. Sound Income Strategies LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the second quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock valued at $242,000 after buying an additional 525 shares during the period. Stephens Inc. AR increased its position in shares of SPDR Portfolio High Yield Bond ETF by 0.8% during the second quarter. Stephens Inc. AR now owns 80,839 shares of the company’s stock valued at $1,924,000 after purchasing an additional 609 shares during the period. Lynx Investment Advisory increased its position in shares of SPDR Portfolio High Yield Bond ETF by 6.2% during the second quarter. Lynx Investment Advisory now owns 12,086 shares of the company’s stock valued at $288,000 after purchasing an additional 710 shares during the period. Petra Financial Advisors Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 6.2% in the second quarter. Petra Financial Advisors Inc. now owns 12,240 shares of the company’s stock valued at $291,000 after purchasing an additional 718 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after purchasing an additional 745 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.59 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The firm has a fifty day moving average of $23.71 and a 200-day moving average of $23.71.

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.