Kingswood Wealth Advisors LLC Acquires 25,154 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Kingswood Wealth Advisors LLC grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 239.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,674 shares of the company’s stock after acquiring an additional 25,154 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPHY. Grimes & Company Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth $166,945,000. Exchange Traded Concepts LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at about $32,905,000. Toews Corp ADV bought a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $23,498,000. MML Investors Services LLC increased its position in SPDR Portfolio High Yield Bond ETF by 55.5% in the second quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock worth $61,105,000 after buying an additional 916,341 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock worth $399,112,000 after buying an additional 859,566 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

SPHY stock opened at $23.79 on Friday. The business’s 50-day moving average price is $23.68 and its 200-day moving average price is $23.73. The stock has a market cap of $10.62 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99.

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.