SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. cut its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 49.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,662 shares of the company’s stock after selling 40,580 shares during the period. Armstrong Advisory Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $962,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after buying an additional 4,256,596 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $72,441,000. Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at $32,905,000. Finally, Franklin Resources Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 148,527.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after purchasing an additional 1,093,159 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.12 on Friday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The company has a market capitalization of $10.22 billion, a P/E ratio of 7.31 and a beta of 0.39. The company’s fifty day moving average is $23.64 and its two-hundred day moving average is $23.71.

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 paid a dividend of $0.1396 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd.

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.