Assetmark Inc. Increases Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Assetmark Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,368,848 shares of the company’s stock after buying an additional 161,858 shares during the period. Assetmark Inc. owned approximately 0.31% of SPDR Portfolio High Yield Bond ETF worth $31,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SPHY. LPL Financial LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 12.3% in the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after purchasing an additional 967,530 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after buying an additional 2,232,954 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after buying an additional 46,030 shares during the period. US Bancorp DE lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 14.8% during the fourth quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock worth $154,106,000 after buying an additional 841,165 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.8% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 6,000,856 shares of the company’s stock valued at $142,040,000 after buying an additional 46,531 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.33 on Friday. The stock’s fifty day moving average price is $23.38 and its 200 day moving average price is $23.50. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.