49 Wealth Management LLC Acquires Shares of 240,136 SPDR Portfolio High Yield Bond ETF $SPHY

49 Wealth Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 240,136 shares of the company’s stock, valued at approximately $5,749,000. SPDR Portfolio High Yield Bond ETF accounts for about 0.5% of 49 Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position. 49 Wealth Management LLC owned 0.06% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Index Fund Advisors Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 0.9% during the 3rd quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock valued at $1,131,000 after purchasing an additional 421 shares in the last quarter. Inscription Capital LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 1.5% during the third quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock worth $716,000 after acquiring an additional 454 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of SPDR Portfolio High Yield Bond ETF by 4.5% during the third quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock worth $260,000 after acquiring an additional 466 shares in the last quarter. Lynx Investment Advisory raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.3% in the 3rd quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock worth $302,000 after acquiring an additional 522 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock worth $242,000 after acquiring an additional 525 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA SPHY opened at $23.70 on Friday. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The firm’s 50-day simple moving average is $23.74 and its 200 day simple moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.