LPL Financial LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,802,613 shares of the company’s stock after buying an additional 967,530 shares during the period. LPL Financial LLC owned about 1.99% of SPDR Portfolio High Yield Bond ETF worth $208,358,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SPHY. Bank of America Corp DE boosted its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after buying an additional 4,256,596 shares during the period. Asset Management One Co. Ltd. purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at $85,587,000. Advisors Capital Management LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $72,441,000. Ameriprise Financial Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after buying an additional 2,232,954 shares during the period. Finally, Franklin Resources Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 148,527.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after buying an additional 1,093,159 shares during the period.
SPDR Portfolio High Yield Bond ETF Trading Up 0.1%
NYSEARCA:SPHY opened at $23.31 on Wednesday. The company has a 50-day moving average price of $23.42 and a 200-day moving average price of $23.56. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The stock has a market cap of $10.44 billion, a price-to-earnings 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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