Foundations Investment Advisors LLC Buys 62,370 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Foundations Investment Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 56.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 173,643 shares of the company’s stock after buying an additional 62,370 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,157,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Grimes & Company Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at approximately $166,945,000. Exchange Traded Concepts LLC acquired a new position in SPDR Portfolio High Yield Bond ETF during the third quarter valued at approximately $32,905,000. Toews Corp ADV bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $23,498,000. MML Investors Services LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 55.5% in the second quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock worth $61,105,000 after buying an additional 916,341 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock worth $399,112,000 after buying an additional 859,566 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Down 0.1%

NYSEARCA:SPHY opened at $23.79 on Friday. The firm has a market capitalization of $10.50 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The firm’s fifty day simple moving average is $23.73 and its 200 day simple moving average is $23.74.

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.