410,058 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 410,058 shares of the company’s stock, valued at approximately $9,817,000. Jefferies Financial Group Inc. owned about 0.10% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Auour Investments LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 207.7% during the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after purchasing an additional 47,862 shares during the last quarter. GatePass Capital LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 189.9% in the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock valued at $1,402,000 after purchasing an additional 38,350 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 116.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after purchasing an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after purchasing an additional 99,433 shares during the period. Finally, 49 Wealth Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $5,749,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.5%

Shares of SPHY opened at $23.47 on Tuesday. The company’s 50 day simple moving average is $23.72 and its 200-day simple moving average is $23.74. The firm has a market cap of $10.38 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.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.1396 dividend. The ex-dividend date was Monday, March 2nd. 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 yield of 7.1%.

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.