Farther Finance Advisors LLC Sells 919,192 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Farther Finance Advisors LLC lessened its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 67.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 439,739 shares of the company’s stock after selling 919,192 shares during the period. Farther Finance Advisors LLC owned 0.11% of SPDR Portfolio High Yield Bond ETF worth $10,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Carolina Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1,867.7% during the third quarter. Carolina Wealth Advisors LLC now owns 421,335 shares of the company’s stock worth $10,087,000 after purchasing an additional 399,922 shares during the period. Cornerstone Enterprises LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.7% in the second quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock valued at $40,799,000 after buying an additional 29,303 shares during the period. Fifth Third Securities Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 123.4% during the third quarter. Fifth Third Securities Inc. now owns 248,128 shares of the company’s stock worth $5,940,000 after buying an additional 137,036 shares in the last quarter. AE Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF by 11.1% during the second quarter. AE Wealth Management LLC now owns 310,227 shares of the company’s stock worth $7,383,000 after buying an additional 30,938 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 45.8% during the 2nd quarter. Avantax Advisory Services Inc. now owns 103,135 shares of the company’s stock worth $2,455,000 after acquiring an additional 32,376 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.60 on Tuesday. The business has a fifty day moving average price of $23.71 and a two-hundred day moving average price of $23.71. The stock has a market capitalization of $9.95 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99.

SPDR Portfolio High Yield Bond ETF Company 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.