Diversify Advisory Services LLC Has $8.87 Million Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Diversify Advisory Services LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 33.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,156 shares of the company’s stock after purchasing an additional 94,725 shares during the period. Diversify Advisory Services LLC owned 0.09% of SPDR Portfolio High Yield Bond ETF worth $8,874,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after purchasing an additional 745 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock worth $242,000 after buying an additional 525 shares in the last quarter. AE Wealth Management LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 11.1% during the 2nd quarter. AE Wealth Management LLC now owns 310,227 shares of the company’s stock worth $7,383,000 after buying an additional 30,938 shares during the period. Vise Technologies Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth approximately $280,000. Finally, Timonier Family Office LTD. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 20.3% in the 2nd quarter. Timonier Family Office LTD. now owns 88,376 shares of the company’s stock valued at $2,103,000 after acquiring an additional 14,906 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.4%

SPDR Portfolio High Yield Bond ETF stock opened at $23.36 on Monday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The firm’s fifty day moving average is $23.72 and its 200 day moving average is $23.74. The company has a market capitalization of $10.33 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1396 dividend. This represents a c) annualized dividend and a yield of 7.2%. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd.

About SPDR Portfolio High Yield Bond ETF

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.