Foundations Investment Advisors LLC Has $4.16 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Foundations Investment Advisors LLC increased its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 56.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 173,643 shares of the company’s stock after buying an additional 62,370 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,157,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after purchasing an additional 745 shares during the period. Fifth Third Bancorp acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $50,000. Trilogy Capital Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 11.0% in the second quarter. Trilogy Capital Inc. now owns 28,505 shares of the company’s stock valued at $678,000 after acquiring an additional 2,835 shares during the period. TFG Advisers LLC grew its position in SPDR Portfolio High Yield Bond ETF by 14.0% in the second quarter. TFG Advisers LLC now owns 24,946 shares of the company’s stock valued at $594,000 after acquiring an additional 3,066 shares during the period. Finally, Ascent Group LLC acquired a new position in SPDR Portfolio High Yield Bond ETF during the second quarter worth $290,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA SPHY opened at $23.79 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The business has a fifty day moving average of $23.73 and a two-hundred day moving average of $23.74. The stock has a market cap of $10.50 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Company 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.