Avior Wealth Management LLC Lowers Position in SPDR Portfolio High Yield Bond ETF $SPHY

Avior Wealth Management LLC trimmed its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 52.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,838 shares of the company’s stock after selling 24,351 shares during the quarter. Avior Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPHY. Auour Investments LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 207.7% during the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock valued at $1,697,000 after buying an additional 47,862 shares during the period. GatePass Capital LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 189.9% in the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after buying an additional 38,350 shares during the period. Commonwealth Equity Services LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 116.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock worth $6,806,000 after buying an additional 153,035 shares during the period. 49 Wealth Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth about $5,749,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock worth $3,009,000 after acquiring an additional 99,433 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.12 on Monday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The firm has a 50-day moving average of $23.64 and a 200 day moving average of $23.71. The stock has a market cap of $10.22 billion, a P/E ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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