Asset Allocation & Management Company LLC Has $19.04 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Asset Allocation & Management Company LLC lessened its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 804,501 shares of the company’s stock after selling 33,600 shares during the period. SPDR Portfolio High Yield Bond ETF comprises 7.6% of Asset Allocation & Management Company LLC’s holdings, making the stock its 3rd biggest position. Asset Allocation & Management Company LLC owned 0.18% of SPDR Portfolio High Yield Bond ETF worth $19,043,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares in the last quarter. Fourth Dimension Wealth LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after acquiring an additional 633 shares in the last quarter. Allworth Financial LP raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after acquiring an additional 2,000 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after purchasing an additional 1,114 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock worth $81,000 after purchasing an additional 628 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY stock opened at $23.28 on Thursday. The stock’s 50-day moving average is $23.61 and its 200 day moving average is $23.70. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The company has a market cap of $10.29 billion, a P/E ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.