Exchange Traded Concepts LLC Buys 333,294 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Exchange Traded Concepts LLC lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,707,784 shares of the company’s stock after buying an additional 333,294 shares during the period. Exchange Traded Concepts LLC owned approximately 0.38% of SPDR Portfolio High Yield Bond ETF worth $40,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE grew its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after acquiring an additional 4,256,596 shares during the last quarter. Sei Investments Co. lifted its position in SPDR Portfolio High Yield Bond ETF by 6.3% in the third quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock valued at $426,678,000 after purchasing an additional 1,053,670 shares during the last quarter. Ameriprise Financial Inc. lifted its position in SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the last quarter. Vantagepoint Investment Advisers LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after purchasing an additional 95,000 shares during the period. Finally, GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% during 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 purchasing an additional 186,060 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.06 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The company’s 50 day moving average price is $23.58 and its 200-day moving average price is $23.69. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1396 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.3%. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.