Advisory Alpha LLC Boosts Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Advisory Alpha LLC grew its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,443,034 shares of the company’s stock after acquiring an additional 192,335 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for approximately 2.3% of Advisory Alpha LLC’s investment portfolio, making the stock its 9th biggest position. Advisory Alpha LLC owned 0.82% of SPDR Portfolio High Yield Bond ETF worth $82,061,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. increased its holdings in SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock worth $399,112,000 after purchasing an additional 859,566 shares in the last quarter. Vantagepoint Investment Advisers LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock worth $181,098,000 after purchasing an additional 95,000 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after buying an additional 186,060 shares during the period. US Bancorp DE increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 9.5% in the third quarter. US Bancorp DE now owns 5,669,418 shares of the company’s stock valued at $135,726,000 after buying an additional 493,819 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 19.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock valued at $87,985,000 after buying an additional 602,997 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.56 on Thursday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The company has a market cap of $10.42 billion, a PE ratio of 7.31 and a beta of 0.39. The firm’s 50 day simple moving average is $23.73 and its 200 day simple moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1396 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date is Monday, March 2nd.

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.