SWP Financial LLC Sells 11,267 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

SWP Financial LLC trimmed its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,812 shares of the company’s stock after selling 11,267 shares during the quarter. SWP Financial LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $971,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth $26,000. ORG Partners LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at $26,000. Parallel Advisors LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $29,000. Golden State Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF by 193.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock worth $33,000 after acquiring an additional 932 shares during the last quarter. Finally, Centennial Bank AR acquired a new position in SPDR Portfolio High Yield Bond ETF in the 1st quarter worth about $34,000.

SPDR Portfolio High Yield Bond ETF Trading Down 0.0%

SPDR Portfolio High Yield Bond ETF stock opened at $23.94 on Wednesday. The stock has a 50-day moving average price of $23.78 and a two-hundred day moving average price of $23.50. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The company has a market capitalization of $9.24 billion, a PE ratio of 7.31 and a beta of 0.42.

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.