Winthrop Capital Management LLC Sells 17,493 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Winthrop Capital Management LLC lowered its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 6.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 276,074 shares of the company’s stock after selling 17,493 shares during the period. SPDR Portfolio High Yield Bond ETF makes up approximately 1.7% of Winthrop Capital Management LLC’s holdings, making the stock its 19th biggest position. Winthrop Capital Management LLC owned approximately 0.07% of SPDR Portfolio High Yield Bond ETF worth $6,571,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Grimes & Company Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth approximately $166,945,000. Municipal Employees Retirement System of Michigan boosted its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% in 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 purchasing an additional 4,666,949 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 24.1% in the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares during the last quarter. Toews Corp ADV bought a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $23,498,000. Finally, Belpointe Asset Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $20,056,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.63 on Friday. The business’s fifty day moving average price is $23.81 and its 200-day moving average price is $23.63. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99.

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.