SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 47.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,072,223 shares of the company’s stock after selling 2,786,828 shares during the period. Envestnet Asset Management Inc. owned about 0.80% of SPDR Portfolio High Yield Bond ETF worth $73,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cranbrook Wealth Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at approximately $26,000. Parallel Advisors LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $29,000. Alaska Permanent Capital Management LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10,916.7% in the 2nd quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after buying an additional 1,310 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock valued at $33,000 after buying an additional 932 shares during the period. Finally, Centennial Bank AR acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at about $34,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.80 on Friday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The company has a 50-day simple moving average of $23.83 and a 200-day simple moving average of $23.59. The firm has a market capitalization of $9.98 billion, a PE ratio of 7.31 and a beta of 0.39.

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.