Financial Advisory Partners LLC Acquires 33,785 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Financial Advisory Partners LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,158 shares of the company’s stock after purchasing an additional 33,785 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises about 3.0% of Financial Advisory Partners LLC’s holdings, making the stock its 8th biggest holding. Financial Advisory Partners LLC owned about 0.10% of SPDR Portfolio High Yield Bond ETF worth $10,632,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Newbridge Financial Services Group Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares in the last quarter. Fourth Dimension Wealth LLC raised its holdings in 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 acquiring an additional 633 shares in the last quarter. Allworth Financial LP raised its holdings in 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 acquiring an additional 2,000 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 100.5% in the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after acquiring an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 22.8% in the third quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after acquiring an additional 628 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA:SPHY opened at $23.42 on Monday. The firm’s 50 day moving average price is $23.49 and its 200 day moving average price is $23.65. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 7.31 and a beta of 0.40. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.47 and a fifty-two week high of $23.99.

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.