Cambria Investment Management L.P. Acquires 51,890 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Cambria Investment Management L.P. raised its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 43.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,250 shares of the company’s stock after acquiring an additional 51,890 shares during the quarter. Cambria Investment Management L.P.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Auour Investments LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 207.7% during the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock valued at $1,697,000 after buying an additional 47,862 shares during the period. GatePass Capital LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after acquiring an additional 38,350 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 116.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock worth $6,806,000 after acquiring an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 378.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after acquiring an additional 99,433 shares during the period. Finally, 49 Wealth Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $5,749,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.34 on Friday. The stock’s fifty day moving average is $23.66 and its two-hundred day moving average is $23.72. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99. The company has a market capitalization of $10.32 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1396 dividend. The ex-dividend date was Monday, March 2nd. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

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.