SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC lessened its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,663 shares of the company’s stock after selling 4,460 shares during the period. Western Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $373,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SPHY. Ameriprise Financial Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock valued at $191,695,000 after acquiring an additional 1,587,936 shares in the last quarter. Grimes & Company Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $166,945,000. Municipal Employees Retirement System of Michigan raised its position in 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 valued at $139,451,000 after purchasing an additional 4,666,949 shares in the last quarter. Cornerstone Enterprises LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 1.7% during the second quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock worth $40,799,000 after buying an additional 29,303 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 58.4% during the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after buying an additional 500,938 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA:SPHY opened at $23.56 on Wednesday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The firm’s 50 day moving average price is $23.79 and its 200 day moving average price is $23.65. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

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.