Wealth Forward LLC Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Wealth Forward LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 227,535 shares of the company’s stock, valued at approximately $5,447,000. SPDR Portfolio High Yield Bond ETF comprises 3.2% of Wealth Forward LLC’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also recently made changes to their positions in SPHY. Integrated Wealth Concepts LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after acquiring an additional 745 shares in the last quarter. Blair William & Co. IL boosted its holdings in SPDR Portfolio High Yield Bond ETF by 429.0% in the 2nd quarter. Blair William & Co. IL now owns 7,983 shares of the company’s stock valued at $190,000 after purchasing an additional 6,474 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 156.9% during the second quarter. Concurrent Investment Advisors LLC now owns 26,266 shares of the company’s stock worth $625,000 after acquiring an additional 16,042 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 4.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,340,020 shares of the company’s stock worth $31,892,000 after purchasing an additional 61,354 shares during the period. Finally, Brown Financial Advisory grew its position in SPDR Portfolio High Yield Bond ETF by 6.8% during the second quarter. Brown Financial Advisory now owns 42,148 shares of the company’s stock worth $1,003,000 after buying an additional 2,700 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Up 0.0%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.74 on Thursday. The company has a 50-day moving average of $23.73 and a two-hundred day moving average of $23.75. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The stock has a market cap of $10.50 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1379 dividend. The ex-dividend date 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.