Forefront Wealth Partners LLC Invests $4.41 Million in SPDR Portfolio High Yield Bond ETF $SPHY

Forefront Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 184,037 shares of the company’s stock, valued at approximately $4,406,000. SPDR Portfolio High Yield Bond ETF makes up approximately 1.1% of Forefront Wealth Partners LLC’s holdings, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of SPHY. Grimes & Company Inc. bought a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $166,945,000. Exchange Traded Concepts LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $32,905,000. Toews Corp ADV purchased a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $23,498,000. MML Investors Services LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 55.5% during the 2nd quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock valued at $61,105,000 after buying an additional 916,341 shares in the last quarter. Finally, Sei Investments Co. raised its position in SPDR Portfolio High Yield Bond ETF by 5.4% during the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after purchasing an additional 859,566 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.0%

Shares of NYSEARCA SPHY opened at $23.69 on Wednesday. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The stock’s 50-day moving average is $23.69 and its 200 day moving average is $23.72.

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.