HighTower Advisors LLC Buys 186,563 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

HighTower Advisors LLC raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 212.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 274,198 shares of the company’s stock after purchasing an additional 186,563 shares during the quarter. HighTower Advisors LLC owned approximately 0.06% of SPDR Portfolio High Yield Bond ETF worth $6,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SPHY. Bank of America Corp DE grew its stake in 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 valued at $1,068,919,000 after purchasing an additional 4,256,596 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $85,587,000. Advisors Capital Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $72,441,000. Ameriprise Financial Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in 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. Finally, Franklin Resources Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after buying an additional 1,093,159 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

SPHY opened at $23.47 on Thursday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The business has a 50 day moving average of $23.40 and a 200-day moving average of $23.58.

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.