Kensington Asset Management LLC lowered its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 4.1% in the first quarter, HoldingsChannel reports. The fund owned 3,128,978 shares of the company’s stock after selling 132,627 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for about 3.4% of Kensington Asset Management LLC’s portfolio, making the stock its 13th largest position. Kensington Asset Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $72,968,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after acquiring an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $38,000. Smartleaf Asset Management LLC increased its stake in shares of 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 in the last quarter. Physician Wealth Advisors Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after purchasing an additional 623 shares during the period. Finally, Arax Advisory Partners acquired a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $53,000.
SPDR Portfolio High Yield Bond ETF Trading Up 0.0%
Shares of SPHY stock opened at $23.27 on Friday. The company has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38. The business’s 50 day moving average is $23.35 and its two-hundred day moving average is $23.47. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99.
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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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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