Bauman Advisory Group LLC Boosts Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Bauman Advisory Group LLC increased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 752.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,483 shares of the company’s stock after acquiring an additional 163,723 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises approximately 3.0% of Bauman Advisory Group LLC’s holdings, making the stock its 12th biggest position. Bauman Advisory Group LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,325,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after purchasing an additional 745 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 5.5% during the 2nd quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock valued at $8,098,000 after purchasing an additional 17,658 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock valued at $21,498,000 after buying an additional 5,169 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 71.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock valued at $240,000 after buying an additional 4,198 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 5.3% in the 2nd quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock worth $1,637,000 after buying an additional 3,481 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.36 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The firm has a market capitalization of $11.43 billion, a PE ratio of 7.31 and a beta of 0.38. The stock has a fifty day simple moving average of $23.38 and a two-hundred day simple moving average of $23.51.

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.