300,000 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Purchased by Bank of Nova Scotia

Bank of Nova Scotia acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 300,000 shares of the company’s stock, valued at approximately $7,140,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPHY. Grimes & Company Inc. purchased a new position in SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $166,945,000. Ameriprise Financial Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 24.1% during the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after buying an additional 1,587,936 shares during the period. Toews Corp ADV acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth $23,498,000. Belpointe Asset Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $20,056,000. Finally, CNO Financial Group Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 154.3% in the 2nd quarter. CNO Financial Group Inc. now owns 1,068,000 shares of the company’s stock valued at $25,418,000 after acquiring an additional 648,000 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $23.72 on Thursday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The stock’s 50-day moving average is $23.72 and its two-hundred day moving average is $23.69. The stock has a market cap of $10.01 billion, a PE ratio of 7.31 and a beta of 0.39.

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.