SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 409.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,018 shares of the company’s stock after buying an additional 135,044 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,918,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. HF Advisory Group LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 11.5% in the 4th quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock worth $4,958,000 after buying an additional 21,552 shares in the last quarter. Financial Advisory Partners LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 8.1% in the fourth quarter. Financial Advisory Partners LLC now owns 449,158 shares of the company’s stock valued at $10,632,000 after purchasing an additional 33,785 shares during the period. Rede Wealth LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth about $1,391,000. Diversified Enterprises LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 17.5% during the 4th quarter. Diversified Enterprises LLC now owns 148,109 shares of the company’s stock valued at $3,506,000 after acquiring an additional 22,053 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter worth about $9,817,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY traded down $0.02 during trading hours on Tuesday, reaching $23.35. 735,322 shares of the stock traded hands, compared to its average volume of 5,674,362. The firm’s fifty day simple moving average is $23.41 and its two-hundred day simple moving average is $23.52. 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 company has a market cap of $11.31 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.