PNC Financial Services Group Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 27.3% in the fourth quarter, HoldingsChannel reports. The firm owned 384,437 shares of the company’s stock after acquiring an additional 82,354 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $9,100,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of SPHY. Bank of America Corp DE boosted its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after acquiring an additional 4,256,596 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $85,587,000. Advisors Capital Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter worth approximately $72,441,000. Ameriprise Financial Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after acquiring an additional 2,232,954 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 148,527.0% during the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after acquiring an additional 1,093,159 shares during the last quarter.
SPDR Portfolio High Yield Bond ETF Stock Performance
Shares of NYSEARCA SPHY opened at $23.41 on Friday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99. The firm’s 50 day moving average price is $23.39 and its 200 day moving average price is $23.58. The firm has a market cap of $10.48 billion, a P/E ratio of 7.31 and a beta of 0.38.
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.
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Want to see what other hedge funds are holding SPHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report).
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