Donoghue Forlines LLC Reduces Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Donoghue Forlines LLC lowered its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 66.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 415,612 shares of the company’s stock after selling 833,968 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 3.0% of Donoghue Forlines LLC’s portfolio, making the stock its 6th biggest position. Donoghue Forlines LLC owned 0.10% of SPDR Portfolio High Yield Bond ETF worth $9,950,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPHY. Cranbrook Wealth Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the second quarter valued at approximately $26,000. Parallel Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $29,000. Newbridge Financial Services Group Inc. boosted its position 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 valued at $29,000 after acquiring an additional 778 shares in the last quarter. Alaska Permanent Capital Management LLC increased its holdings in shares of 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 during the period. Finally, Grove Bank & Trust bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth $46,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.81 on Friday. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The business has a fifty day moving average price of $23.70 and a 200 day moving average price of $23.73. The stock has a market capitalization of $10.87 billion, a P/E ratio of 7.31 and a beta of 0.39.

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.