Sunesis Advisors LLC Makes New $2.01 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Sunesis Advisors LLC bought a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 83,957 shares of the company’s stock, valued at approximately $2,010,000. SPDR Portfolio High Yield Bond ETF comprises about 0.9% of Sunesis Advisors LLC’s portfolio, making the stock its 17th largest position.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings 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 buying an additional 778 shares during the period. Alaska Permanent Capital Management LLC boosted its position in shares of 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 worth $31,000 after buying an additional 1,310 shares during the period. Fourth Dimension Wealth LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 89.2% during 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 raised its position in SPDR Portfolio High Yield Bond ETF by 100.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after buying an additional 1,114 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in SPDR Portfolio High Yield Bond ETF by 22.8% in the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after buying an additional 628 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

Shares of SPHY stock opened at $23.71 on Monday. The firm has a market cap of $10.48 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The company’s fifty day simple moving average is $23.72 and its 200-day simple moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.1379 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend 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.