Avior Wealth Management LLC Sells 24,351 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Avior Wealth Management LLC trimmed its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 52.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,838 shares of the company’s stock after selling 24,351 shares during the period. Avior Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $517,000 at the end of the most recent quarter.

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

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY opened at $23.12 on Monday. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The business has a 50-day simple moving average of $23.64 and a two-hundred day simple moving average of $23.71. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.