IFP Advisors Inc Acquires 126,232 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

IFP Advisors Inc lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 713.5% in the second quarter, HoldingsChannel.com reports. The fund owned 143,923 shares of the company’s stock after buying an additional 126,232 shares during the quarter. IFP Advisors Inc’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,425,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 1.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 47,948 shares of the company’s stock worth $1,123,000 after buying an additional 513 shares in the last quarter. Fifth Third Securities Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 2.3% in the first quarter. Fifth Third Securities Inc. now owns 26,523 shares of the company’s stock worth $621,000 after buying an additional 606 shares in the last quarter. Lynx Investment Advisory lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 6.2% in the second quarter. Lynx Investment Advisory now owns 12,086 shares of the company’s stock worth $288,000 after buying an additional 710 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after buying an additional 745 shares in the last quarter. Finally, SVB Wealth LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 6.4% in the first quarter. SVB Wealth LLC now owns 13,245 shares of the company’s stock worth $310,000 after buying an additional 795 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.6%

NYSEARCA:SPHY opened at $23.54 on Friday. The company has a market capitalization of $9.43 billion, a P/E ratio of 7.31 and a beta of 0.42. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The business’s 50-day moving average is $23.79 and its 200 day moving average is $23.51.

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.