Assetmark Inc. Boosts Position in SPDR Portfolio High Yield Bond ETF $SPHY

Assetmark Inc. raised its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 13.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,368,848 shares of the company’s stock after buying an additional 161,858 shares during the quarter. Assetmark Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $31,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SPHY. Integrated Wealth Concepts LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.2% during 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 during the last quarter. NewEdge Advisors LLC grew its position in 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 worth $8,098,000 after purchasing an additional 17,658 shares during the period. The Manufacturers Life Insurance Company grew its position in 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 worth $21,498,000 after purchasing an additional 5,169 shares during the period. EP Wealth Advisors LLC raised 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 during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.3% during the 2nd quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock valued at $1,637,000 after buying an additional 3,481 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

Shares of SPHY stock opened at $23.33 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 stock has a market cap of $11.46 billion, a PE ratio of 7.31 and a beta of 0.38. The business has a 50-day simple moving average of $23.38 and a 200-day simple moving average of $23.50.

SPDR Portfolio High Yield Bond ETF 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.