Winebrenner Capital Management LLC Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Winebrenner Capital Management LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, Holdings Channel reports. The fund purchased 35,216 shares of the company’s stock, valued at approximately $834,000.

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

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.12 on Friday. The firm’s 50 day moving average price is $23.64 and its two-hundred day moving average price is $23.71. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The stock has a market cap of $10.22 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The business 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 an increase 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) dividend on an annualized basis and a dividend yield of 7.2%.

SPDR Portfolio High Yield Bond ETF Company 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.