Bank of America Corp DE Boosts Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Bank of America Corp DE increased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 10.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,649,901 shares of the company’s stock after purchasing an additional 4,256,596 shares during the period. Bank of America Corp DE owned approximately 10.59% of SPDR Portfolio High Yield Bond ETF worth $1,068,919,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPHY. Alliancebernstein L.P. purchased a new position in SPDR Portfolio High Yield Bond ETF in the third quarter worth about $1,054,000. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Creative Planning grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 20.1% during the third quarter. Creative Planning now owns 83,183 shares of the company’s stock valued at $1,991,000 after buying an additional 13,905 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of SPDR Portfolio High Yield Bond ETF by 14.8% during the third quarter. Raymond James Financial Inc. now owns 464,970 shares of the company’s stock valued at $11,131,000 after acquiring an additional 59,853 shares in the last quarter. Finally, Equitable Holdings Inc. increased its position in shares of SPDR Portfolio High Yield Bond ETF by 12.9% during the third quarter. Equitable Holdings Inc. now owns 353,325 shares of the company’s stock valued at $8,459,000 after acquiring an additional 40,318 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.4%

Shares of NYSEARCA SPHY opened at $23.30 on Tuesday. The firm has a market cap of $10.30 billion, a P/E 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 company has a 50 day moving average of $23.68 and a 200 day moving average of $23.73.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1396 dividend. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date was 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.