SPDR Portfolio High Yield Bond ETF $SPHY is Cornerstone Enterprises LLC’s Largest Position

Cornerstone Enterprises LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,798,795 shares of the company’s stock after acquiring an additional 84,559 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises approximately 21.2% of Cornerstone Enterprises LLC’s holdings, making the stock its biggest position. Cornerstone Enterprises LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $43,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the period. Alaska Permanent Capital Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 10,916.7% during the 2nd quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,310 shares during the period. Fourth Dimension Wealth LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 89.2% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after acquiring an additional 633 shares during the period. Golden State Wealth Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after acquiring an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 22.8% in the third quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock worth $81,000 after acquiring an additional 628 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.64 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The business’s fifty day moving average is $23.73 and its 200 day moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1379 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.