Conning Inc. Buys 463,548 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Conning Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 82.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,023,746 shares of the company’s stock after purchasing an additional 463,548 shares during the quarter. Conning Inc. owned about 0.23% of SPDR Portfolio High Yield Bond ETF worth $23,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Advisory Services LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 19.8% during the first quarter. Kestra Advisory Services LLC now owns 224,108 shares of the company’s stock valued at $5,226,000 after purchasing an additional 37,037 shares in the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 49.1% in the first quarter. Duncker Streett & Co. Inc. now owns 6,870 shares of the company’s stock worth $160,000 after buying an additional 2,263 shares in the last quarter. Brighton Securities CORP. boosted its stake in SPDR Portfolio High Yield Bond ETF by 15.2% during the first quarter. Brighton Securities CORP. now owns 140,654 shares of the company’s stock valued at $3,280,000 after buying an additional 18,526 shares during the last quarter. K2 Financial Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 5.4% during the first quarter. K2 Financial Inc. now owns 141,811 shares of the company’s stock valued at $3,344,000 after buying an additional 7,243 shares during the last quarter. Finally, Avory & Company LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at approximately $211,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.33 on Friday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99. The stock’s 50 day simple moving average is $23.39 and its two-hundred day simple moving average is $23.52.

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.