Armstrong Advisory Group Inc. Cuts Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Armstrong Advisory Group Inc. trimmed its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 49.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,662 shares of the company’s stock after selling 40,580 shares during the period. Armstrong Advisory Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $962,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SPHY. Index Fund Advisors Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 0.9% during the 3rd quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock worth $1,131,000 after purchasing an additional 421 shares during the last quarter. Inscription Capital LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 1.5% during the 3rd quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock valued at $716,000 after acquiring an additional 454 shares in the last quarter. Cumberland Partners Ltd lifted its stake in SPDR Portfolio High Yield Bond ETF by 4.5% in the 3rd quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock worth $260,000 after purchasing an additional 466 shares in the last quarter. Lynx Investment Advisory lifted its position in SPDR Portfolio High Yield Bond ETF by 4.3% during the third quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock worth $302,000 after buying an additional 522 shares in the last quarter. Finally, Trilogy Capital Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 2.0% during the third quarter. Trilogy Capital Inc. now owns 29,075 shares of the company’s stock worth $696,000 after buying an additional 570 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.9%

Shares of NYSEARCA:SPHY opened at $23.12 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The business has a fifty day moving average of $23.64 and a two-hundred day moving average of $23.71. The stock has a market cap 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 firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1396 per share. This represents a c) annualized dividend and a 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.

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.