Brookstone Capital Management Sells 26,158 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Brookstone Capital Management lessened its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 23.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 87,229 shares of the company’s stock after selling 26,158 shares during the period. Brookstone Capital Management’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,088,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cranbrook Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $26,000. Parallel Advisors LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at $29,000. Newbridge Financial Services Group Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after buying an additional 778 shares during the last quarter. Alaska Permanent Capital Management LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after buying an additional 1,310 shares during the last quarter. Finally, Grove Bank & Trust bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth about $46,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $23.67 on Friday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The firm has a market capitalization of $9.98 billion, a PE ratio of 7.31 and a beta of 0.39. The company’s 50-day moving average is $23.70 and its 200 day moving average is $23.71.

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.