Advisors Capital Management LLC Has $75.43 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Advisors Capital Management LLC raised its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,186,914 shares of the company’s stock after purchasing an additional 160,986 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for approximately 0.9% of Advisors Capital Management LLC’s holdings, making the stock its 24th largest holding. Advisors Capital Management LLC owned 0.72% of SPDR Portfolio High Yield Bond ETF worth $75,434,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPHY. Integrated Wealth Concepts LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after acquiring an additional 745 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.5% in the 2nd quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock valued at $8,098,000 after acquiring an additional 17,658 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock valued at $21,498,000 after acquiring an additional 5,169 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 71.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock valued at $240,000 after acquiring an additional 4,198 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.3% in the 2nd quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock valued at $1,637,000 after acquiring an additional 3,481 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.57 on Friday. The stock has a market capitalization of $10.56 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 $23.02 and a fifty-two week high of $23.99. The business has a 50-day moving average of $23.46 and a 200-day moving average of $23.63.

SPDR Portfolio High Yield Bond ETF 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.