BNP Paribas Financial Markets Lowers Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

BNP Paribas Financial Markets decreased its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,842 shares of the company’s stock after selling 85,053 shares during the period. BNP Paribas Financial Markets’ holdings in SPDR Portfolio High Yield Bond ETF were worth $7,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPHY. Integrated Wealth Concepts LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the 1st 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 grew its stake 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 grew 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 purchasing an additional 5,169 shares during the period. EP Wealth Advisors LLC grew 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 purchasing an additional 4,198 shares during the period. Finally, IHT Wealth Management LLC grew 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 purchasing an additional 3,481 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

SPDR Portfolio High Yield Bond ETF stock opened at $23.31 on Wednesday. The business has a 50-day simple moving average of $23.42 and a two-hundred day simple moving average of $23.56. The company has a market cap of $10.44 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99.

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.