Belpointe Asset Management LLC Sells 79,875 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Belpointe Asset Management LLC cut its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 932,829 shares of the company’s stock after selling 79,875 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for approximately 0.8% of Belpointe Asset Management LLC’s portfolio, making the stock its 24th biggest holding. Belpointe Asset Management LLC owned 0.21% of SPDR Portfolio High Yield Bond ETF worth $22,080,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its stake in shares of 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 worth $29,000 after purchasing an additional 778 shares during the period. Fourth Dimension Wealth LLC increased its stake 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 worth $32,000 after purchasing an additional 633 shares during the period. Allworth Financial LP increased its stake in SPDR Portfolio High Yield Bond ETF by 1,098.9% during 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 during the period. Golden State Wealth Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 100.5% during 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 during the period. Finally, Elevated Capital Advisors LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at about $67,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $23.62 on Monday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.80 and a 12-month high of $23.99. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.40. The stock’s 50-day moving average price is $23.47 and its 200 day moving average price is $23.64.

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.