Financial Advisory Partners LLC Invests $9.94 Million in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Advisory Partners LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 415,373 shares of the company’s stock, valued at approximately $9,944,000. SPDR Portfolio High Yield Bond ETF makes up about 2.9% of Financial Advisory Partners LLC’s portfolio, making the stock its 8th largest position. Financial Advisory Partners LLC owned approximately 0.10% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Cranbrook Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter worth approximately $26,000. Parallel Advisors LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth $29,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after buying an additional 778 shares during the period. Alaska Permanent Capital Management LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after buying an additional 1,310 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $46,000.

SPDR Portfolio High Yield Bond ETF Trading Down 0.0%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.75 on Thursday. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99. The stock has a market cap of $10.51 billion, a PE ratio of 7.31 and a beta of 0.39. The company’s 50-day moving average price is $23.68 and its two-hundred day moving average price is $23.73.

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.