Foundations Investment Advisors LLC increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 49.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 259,558 shares of the company’s stock after purchasing an additional 85,915 shares during the quarter. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $6,144,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of SPHY. 49 Wealth Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at about $5,749,000. HF Advisory Group LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 11.5% during the 4th quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock valued at $4,958,000 after purchasing an additional 21,552 shares during the last quarter. Financial Advisory Partners LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 8.1% during the 4th quarter. Financial Advisory Partners LLC now owns 449,158 shares of the company’s stock valued at $10,632,000 after purchasing an additional 33,785 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock valued at $87,985,000 after purchasing an additional 602,997 shares during the last quarter. Finally, Rede Wealth LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $1,391,000.
SPDR Portfolio High Yield Bond ETF Stock Up 0.0%
SPHY opened at $23.48 on Friday. The firm has a 50-day simple moving average of $23.40 and a two-hundred day simple moving average of $23.58. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The company has a market capitalization of $10.51 billion, a PE ratio of 7.31 and a beta of 0.38.
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.
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