J. Safra Sarasin Holding AG acquired a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 34,835 shares of the company’s stock, valued at approximately $804,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHY. HF Advisory Group LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 11.5% in the fourth quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock valued at $4,958,000 after acquiring an additional 21,552 shares in the last quarter. Financial Advisory Partners LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 8.1% in the fourth quarter. Financial Advisory Partners LLC now owns 449,158 shares of the company’s stock valued at $10,632,000 after buying an additional 33,785 shares during the last quarter. Rede Wealth LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $1,391,000. Diversified Enterprises LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 17.5% in the fourth quarter. Diversified Enterprises LLC now owns 148,109 shares of the company’s stock valued at $3,506,000 after acquiring an additional 22,053 shares during the period. Finally, Elm3 Financial Group LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $1,650,000.
SPDR Portfolio High Yield Bond ETF Trading Up 0.2%
Shares of SPHY opened at $23.32 on Wednesday. The firm has a market cap of $11.41 billion, a PE ratio of 7.31 and a beta of 0.38. The company’s 50 day simple moving average is $23.38 and its 200-day simple moving average is $23.51. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99.
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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