FLC Capital Advisors Decreases Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

FLC Capital Advisors lowered its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 92.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,471 shares of the company’s stock after selling 188,760 shares during the quarter. FLC Capital Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $344,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPHY. Grimes & Company Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at about $166,945,000. Municipal Employees Retirement System of Michigan increased its stake in SPDR Portfolio High Yield Bond ETF by 362.5% during the first quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after acquiring an additional 4,666,949 shares during the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 24.1% during the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after acquiring an additional 1,587,936 shares during the last quarter. Toews Corp ADV bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $23,498,000. Finally, Belpointe Asset Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $20,056,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.78 on Monday. The business’s 50 day moving average is $23.80 and its two-hundred day moving average is $23.53. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The stock has a market capitalization of $9.61 billion, a P/E 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.