SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Auour Investments LLC

Auour Investments LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 54.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,739 shares of the company’s stock after buying an additional 38,833 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises about 0.8% of Auour Investments LLC’s holdings, making the stock its 28th largest position. Auour Investments LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SPHY. Bank of America Corp DE raised its stake in SPDR Portfolio High Yield Bond ETF by 10.5% during the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after acquiring an additional 4,256,596 shares during the last quarter. Advisors Capital Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at approximately $72,441,000. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $32,905,000. Finally, Franklin Resources Inc. increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after purchasing an additional 1,093,159 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.20 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The business has a 50 day simple moving average of $23.62 and a 200-day simple moving average of $23.70. The stock has a market capitalization of $10.26 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.