SPDR Portfolio High Yield Bond ETF $SPHY Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 34.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,269,981 shares of the company’s stock after acquiring an additional 325,000 shares during the quarter. Victory Capital Management Inc. owned approximately 0.30% of SPDR Portfolio High Yield Bond ETF worth $30,403,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Sei Investments Co. lifted its holdings in SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after purchasing an additional 859,566 shares in the last quarter. Vantagepoint Investment Advisers LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1.3% in the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after buying an additional 95,000 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 2.7% in the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after buying an additional 186,060 shares during the last quarter. US Bancorp DE lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 9.5% during the third quarter. US Bancorp DE now owns 5,669,418 shares of the company’s stock valued at $135,726,000 after buying an additional 493,819 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 19.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock worth $87,985,000 after acquiring an additional 602,997 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.36 on Monday. The stock has a market capitalization of $10.33 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The company has a 50 day moving average price of $23.72 and a two-hundred day moving average price of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.