SPDR Portfolio High Yield Bond ETF $SPHY is SMH Capital Advisors Inc.’s 3rd Largest Position

SMH Capital Advisors Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 222.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,000 shares of the company’s stock after purchasing an additional 138,000 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises about 9.6% of SMH Capital Advisors Inc.’s holdings, making the stock its 3rd largest holding. SMH Capital Advisors Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,760,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. grew its holdings in 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 valued at $29,000 after buying an additional 778 shares in the last quarter. Fourth Dimension Wealth LLC raised its holdings in shares of 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 worth $32,000 after acquiring an additional 633 shares during the period. Golden State Wealth Management LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after acquiring an additional 1,114 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after acquiring an additional 628 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at about $84,000.

SPDR Portfolio High Yield Bond ETF Trading Down 0.4%

SPDR Portfolio High Yield Bond ETF stock opened at $23.36 on Monday. The company has a 50-day moving average price of $23.72 and a 200 day moving average price of $23.74. 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 $10.33 billion, a P/E ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1396 dividend. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%.

SPDR Portfolio High Yield Bond ETF Profile

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.