Commonwealth Equity Services LLC Has $6.81 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Commonwealth Equity Services LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 116.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,302 shares of the company’s stock after acquiring an additional 153,035 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.07% of SPDR Portfolio High Yield Bond ETF worth $6,806,000 at the end of the most recent reporting period.

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

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.79 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The firm’s 50 day moving average is $23.68 and its 200-day moving average is $23.73. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

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.