Strategic Investment Advisors MI Has $901,000 Position in SPDR Portfolio High Yield Bond ETF $SPHY

Strategic Investment Advisors MI grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 206.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,646 shares of the company’s stock after purchasing an additional 25,364 shares during the period. Strategic Investment Advisors MI’s holdings in SPDR Portfolio High Yield Bond ETF were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Integrated Wealth Concepts LLC raised its position in SPDR Portfolio High Yield Bond ETF by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after buying an additional 745 shares during the period. Bank of Montreal Can boosted its position in SPDR Portfolio High Yield Bond ETF by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock worth $242,000 after acquiring an additional 525 shares during the period. Creative Planning grew its stake in SPDR Portfolio High Yield Bond ETF by 87.9% during the 2nd quarter. Creative Planning now owns 69,278 shares of the company’s stock valued at $1,649,000 after acquiring an additional 32,408 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 45.8% during the 2nd quarter. Avantax Advisory Services Inc. now owns 103,135 shares of the company’s stock valued at $2,455,000 after acquiring an additional 32,376 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 38.5% in the 2nd quarter. Kingsview Wealth Management LLC now owns 96,391 shares of the company’s stock valued at $2,294,000 after purchasing an additional 26,793 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.27 on Thursday. The company has a 50 day simple moving average of $23.67 and a 200-day simple moving average of $23.72. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1396 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.2%. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.