Concurrent Investment Advisors LLC Has $625,000 Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Concurrent Investment Advisors LLC grew its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 156.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,266 shares of the company’s stock after buying an additional 16,042 shares during the period. Concurrent Investment Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock valued at $191,695,000 after buying an additional 1,587,936 shares during the period. Grimes & Company Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $166,945,000. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 buying an additional 4,666,949 shares during the period. Cornerstone Enterprises LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.7% in the 2nd quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock valued at $40,799,000 after buying an additional 29,303 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 58.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock valued at $32,342,000 after buying an additional 500,938 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.2%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.78 on Friday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The business has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $23.52. The stock has a market cap of $9.57 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.