Advisory Alpha LLC Buys 192,335 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Advisory Alpha LLC raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,443,034 shares of the company’s stock after acquiring an additional 192,335 shares during the period. SPDR Portfolio High Yield Bond ETF comprises about 2.3% of Advisory Alpha LLC’s investment portfolio, making the stock its 9th largest position. Advisory Alpha LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $82,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPHY. Newbridge Financial Services Group Inc. lifted its stake 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 worth $29,000 after acquiring an additional 778 shares during the period. Fourth Dimension Wealth LLC increased its position in SPDR Portfolio High Yield Bond ETF by 89.2% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after purchasing an additional 633 shares during the period. Golden State Wealth Management LLC raised its holdings in 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. CoreCap Advisors LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 22.8% in 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 period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth approximately $84,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.56 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 firm’s fifty day moving average is $23.73 and its 200-day moving average is $23.75. The firm has a market cap of $10.42 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 will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.1396 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, March 2nd.

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.