Diversify Wealth Management LLC Increases Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Diversify Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,606 shares of the company’s stock after acquiring an additional 44,841 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for approximately 0.7% of Diversify Wealth Management LLC’s holdings, making the stock its 23rd largest position. Diversify Wealth Management LLC owned approximately 0.13% of SPDR Portfolio High Yield Bond ETF worth $12,871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPHY. Auour Investments LLC raised its position in SPDR Portfolio High Yield Bond ETF by 207.7% in the 3rd quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after buying an additional 47,862 shares during the last quarter. GatePass Capital LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 189.9% in the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after acquiring an additional 38,350 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 116.6% in the third quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock worth $6,806,000 after acquiring an additional 153,035 shares during the period. Concurrent Investment Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 378.6% during the third quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after purchasing an additional 99,433 shares during the last quarter. Finally, DT Investment Partners LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 5.4% during the third quarter. DT Investment Partners LLC now owns 462,620 shares of the company’s stock valued at $11,075,000 after purchasing an additional 23,589 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Down 0.0%

Shares of SPHY stock opened at $23.74 on Friday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The stock has a market capitalization of $10.50 billion, a P/E ratio of 7.31 and a beta of 0.39. The firm’s 50 day moving average is $23.74 and its 200 day moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.1379 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend 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.