Financial Architects LLC Has $4.77 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Architects LLC decreased its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 200,315 shares of the company’s stock after selling 1,070 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for about 2.9% of Financial Architects LLC’s portfolio, making the stock its 12th biggest position. Financial Architects LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,767,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its position in shares of 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 buying an additional 932 shares during the period. Bank of New York Mellon Corp boosted its stake in SPDR Portfolio High Yield Bond ETF by 122.8% during the 1st quarter. Bank of New York Mellon Corp now owns 95,601 shares of the company’s stock worth $2,239,000 after acquiring an additional 52,690 shares during the last quarter. WCG Wealth Advisors LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 12.7% during the 1st quarter. WCG Wealth Advisors LLC now owns 57,045 shares of the company’s stock worth $1,336,000 after acquiring an additional 6,449 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 26.3% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 5,719 shares of the company’s stock worth $134,000 after acquiring an additional 1,190 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 119,822.2% during the 1st quarter. NBC Securities Inc. now owns 10,793 shares of the company’s stock worth $252,000 after acquiring an additional 10,784 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.81 on Friday. The company’s 50 day simple moving average is $23.79 and its 200 day simple moving average is $23.51. 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 has a market capitalization of $9.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42.

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.