Principal Financial Group Inc. Sells 1,057,530 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Principal Financial Group Inc. cut its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 49.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,088,550 shares of the company’s stock after selling 1,057,530 shares during the period. Principal Financial Group Inc. owned 0.26% of SPDR Portfolio High Yield Bond ETF worth $26,060,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares in the last quarter. Alaska Permanent Capital Management LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after purchasing an additional 1,310 shares during the period. Fourth Dimension Wealth LLC increased its position in SPDR Portfolio High Yield Bond ETF by 89.2% in the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after buying an additional 633 shares in the last quarter. Golden State Wealth Management LLC increased its position in SPDR Portfolio High Yield Bond ETF by 100.5% in the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after buying an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake 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 buying an additional 628 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

SPHY stock opened at $23.71 on Friday. The business’s 50-day moving average price is $23.72 and its 200-day moving average price is $23.75. The stock has a market cap of $10.48 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.