Financial Life Advisors Has $8.43 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Life Advisors lessened its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 361,443 shares of the company’s stock after selling 93,811 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up approximately 2.6% of Financial Life Advisors’ portfolio, making the stock its 14th largest holding. Financial Life Advisors owned 0.08% of SPDR Portfolio High Yield Bond ETF worth $8,429,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $38,000. Smartleaf Asset Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after purchasing an additional 1,262 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 54.7% in the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after purchasing an additional 623 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.35 on Wednesday. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year high of $23.99. The company’s fifty day moving average price is $23.40 and its two-hundred day moving average price is $23.52. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

About SPDR Portfolio High Yield Bond ETF

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.