OLD Point Trust & Financial Services N A Raises Stake in SPDR Portfolio High Yield Bond ETF $SPHY

OLD Point Trust & Financial Services N A increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 44.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 50,447 shares of the company’s stock after buying an additional 15,611 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cranbrook Wealth Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $26,000. Parallel Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $29,000. Alaska Permanent Capital Management LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after buying an additional 1,310 shares during the period. Golden State Wealth Management LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 193.0% during the first quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock valued at $33,000 after buying an additional 932 shares during the period. Finally, Centennial Bank AR bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the first quarter valued at about $34,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.2%

Shares of SPHY opened at $23.76 on Thursday. The business’s 50-day moving average price is $23.81 and its 200-day moving average price is $23.54. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The stock has a market cap of $9.60 billion, a PE ratio of 7.31 and a beta of 0.42.

SPDR Portfolio High Yield Bond ETF 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.