Central Pacific Bank Trust Division Invests $3.54 Million in SPDR Portfolio High Yield Bond ETF $SPHY

Central Pacific Bank Trust Division acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 149,685 shares of the company’s stock, valued at approximately $3,543,000.

A number of other large investors have also recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the second 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. Fourth Dimension Wealth LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after purchasing an additional 633 shares in the last quarter. Allworth Financial LP grew its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after purchasing an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock worth $81,000 after purchasing an additional 628 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.12 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 50 day moving average price of $23.64 and a 200 day moving average price of $23.71. The company has a market capitalization of $10.22 billion, a P/E ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.