Sound Income Strategies LLC Has $7.01 Million Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Sound Income Strategies LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 23.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 301,568 shares of the company’s stock after buying an additional 57,606 shares during the quarter. Sound Income Strategies LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $7,008,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after purchasing an additional 4,256,596 shares during the last quarter. Sei Investments Co. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 6.3% during the 3rd quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock worth $426,678,000 after buying an additional 1,053,670 shares during the period. LPL Financial LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after buying an additional 967,530 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 0.6% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after buying an additional 46,030 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.34 on Friday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The firm has a market capitalization of $11.35 billion, a P/E ratio of 7.31 and a beta of 0.38. The company’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $23.53.

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.