The Manufacturers Life Insurance Company Purchases 34,195 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

The Manufacturers Life Insurance Company increased its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 3.6% during the first quarter, Holdings Channel.com reports. The fund owned 996,761 shares of the company’s stock after purchasing an additional 34,195 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SPDR Portfolio High Yield Bond ETF were worth $23,244,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. acquired a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $85,587,000. 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 valued at $207,971,000 after acquiring an additional 2,232,954 shares during the last quarter. Cetera Investment Advisers raised its position in SPDR Portfolio High Yield Bond ETF by 68.1% during the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock worth $82,932,000 after purchasing an additional 1,441,014 shares during the last quarter. Franklin Resources Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% during the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after acquiring an additional 1,093,159 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after purchasing an additional 1,061,796 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

SPHY stock opened at $23.27 on Friday. The company’s fifty day simple moving average is $23.35 and its 200 day simple moving average is $23.47. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The firm has a market cap of $11.67 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

SPDR Portfolio High Yield Bond ETF Profile

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.