Brighton Securities CORP. lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 47.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 122,128 shares of the company’s stock after purchasing an additional 39,251 shares during the period. SPDR Portfolio High Yield Bond ETF makes up approximately 1.4% of Brighton Securities CORP.’s portfolio, making the stock its 10th biggest position. Brighton Securities CORP.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,891,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after purchasing an additional 1,262 shares during the period. Allworth Financial LP boosted its holdings in SPDR Portfolio High Yield Bond ETF by 1,098.9% in the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the period. Finally, Arax Advisory Partners bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $53,000.
SPDR Portfolio High Yield Bond ETF Stock Performance
NYSEARCA:SPHY opened at $23.44 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The stock has a fifty day moving average of $23.44 and a 200 day moving average of $23.55. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.
About SPDR Portfolio High Yield Bond ETF
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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Want to see what other hedge funds are holding SPHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report).
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