Cambria Investment Management L.P. Increases Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Cambria Investment Management L.P. boosted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 43.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,250 shares of the company’s stock after acquiring an additional 51,890 shares during the quarter. Cambria Investment Management L.P.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,075,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after purchasing an additional 4,256,596 shares in the last quarter. Advisors Capital Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the third quarter valued at $72,441,000. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the third quarter valued at $32,905,000. Finally, Franklin Resources Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% during the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after buying an additional 1,093,159 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.34 on Friday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The stock has a 50-day moving average of $23.66 and a 200 day moving average of $23.72. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

SPDR Portfolio High Yield Bond ETF Company 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.