Diversify Wealth Management LLC Has $27.69 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Diversify Wealth Management LLC raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 82.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,178,808 shares of the company’s stock after acquiring an additional 534,024 shares during the period. Diversify Wealth Management LLC owned about 0.26% of SPDR Portfolio High Yield Bond ETF worth $27,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE increased its position in shares of SPDR Portfolio High Yield Bond ETF by 10.5% during the 3rd 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 in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $85,587,000. Ameriprise Financial Inc. boosted its holdings 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 worth $207,971,000 after acquiring an additional 2,232,954 shares in the last quarter. Franklin Resources Inc. grew its position 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 acquiring an additional 1,093,159 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in SPDR Portfolio High Yield Bond ETF by 8,673.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,070,300 shares of the company’s stock valued at $25,334,000 after purchasing an additional 1,058,100 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY stock traded down $0.01 during trading hours on Friday, hitting $23.33. 3,303,710 shares of the company’s stock were exchanged, compared to its average volume of 5,652,479. The stock’s 50-day moving average is $23.39 and its 200-day moving average is $23.52. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.