SPDR Portfolio High Yield Bond ETF $SPHY is Stonebridge Financial Planning Group LLC’s 9th Largest Position

Stonebridge Financial Planning Group LLC grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,077 shares of the company’s stock after purchasing an additional 69,190 shares during the period. SPDR Portfolio High Yield Bond ETF makes up about 1.8% of Stonebridge Financial Planning Group LLC’s holdings, making the stock its 9th biggest position. Stonebridge Financial Planning Group LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,838,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 12.4% in the 3rd quarter. NewEdge Advisors LLC now owns 382,362 shares of the company’s stock worth $9,154,000 after buying an additional 42,124 shares during the period. Hilltop Partners LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 3.5% during the 3rd quarter. Hilltop Partners LLC now owns 528,507 shares of the company’s stock valued at $12,652,000 after acquiring an additional 17,878 shares during the period. Susquehanna International Group LLP bought a new stake in SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at $718,000. Polymer Capital Management HK LTD purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth $2,394,000. Finally, Prosperity Wealth Management Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 19.4% during the third quarter. Prosperity Wealth Management Inc. now owns 232,125 shares of the company’s stock worth $5,557,000 after acquiring an additional 37,741 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA SPHY opened at $23.38 on Wednesday. The stock has a market cap of $10.34 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The stock has a fifty day moving average of $23.68 and a 200-day moving average of $23.72.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.