SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 176.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 250,281 shares of the company’s stock after buying an additional 159,719 shares during the period. Jones Financial Companies Lllp owned approximately 0.06% of SPDR Portfolio High Yield Bond ETF worth $5,987,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mission Hills Financial Advisory LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 23.2% during the 3rd quarter. Mission Hills Financial Advisory LLC now owns 33,610 shares of the company’s stock worth $805,000 after purchasing an additional 6,332 shares during the period. Meridian Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 9.1% in the 3rd quarter. Meridian Wealth Management LLC now owns 221,820 shares of the company’s stock worth $5,310,000 after acquiring an additional 18,548 shares during the period. Thrivent Financial for Lutherans purchased a new position in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $13,288,000. 5th Street Advisors LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1.5% in the 3rd quarter. 5th Street Advisors LLC now owns 393,584 shares of the company’s stock valued at $9,422,000 after purchasing an additional 5,649 shares in the last quarter. Finally, Fourth Dimension Wealth LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after purchasing an additional 633 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.1%

Shares of NYSEARCA SPHY opened at $23.64 on Friday. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The business has a 50 day simple moving average of $23.73 and a 200-day simple moving average of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.1379 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.0%.

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.