Envestnet Portfolio Solutions Inc. Has $1.77 Million Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Envestnet Portfolio Solutions Inc. lessened its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 35.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 74,470 shares of the company’s stock after selling 40,043 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHY. Grimes & Company Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $166,945,000. Municipal Employees Retirement System of Michigan boosted its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% during 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% during 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. Belpointe Asset Management LLC acquired a new position in SPDR Portfolio High Yield Bond ETF during the second quarter worth $20,056,000. Finally, Farther Finance Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 58.4% during the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after purchasing an additional 500,938 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.2%

Shares of SPHY opened at $23.78 on Friday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The firm has a fifty day simple moving average of $23.80 and a 200 day simple moving average of $23.52. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42.

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.