Compound Planning Inc. Purchases 65,796 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Compound Planning Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 35.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,471 shares of the company’s stock after acquiring an additional 65,796 shares during the period. Compound Planning Inc. owned approximately 0.06% of SPDR Portfolio High Yield Bond ETF worth $6,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPHY. Newbridge Financial Services Group Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd 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 last quarter. Fourth Dimension Wealth LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 89.2% during the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after buying an additional 633 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of 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 worth $53,000 after buying an additional 1,114 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of 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 during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter worth $84,000.

SPDR Portfolio High Yield Bond ETF Trading Down 0.1%

Shares of SPHY stock opened at $23.74 on Tuesday. The firm has a market capitalization of $10.50 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The firm’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1379 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%.

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.