Ocean Park Asset Management LLC Purchases 164,126 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Ocean Park Asset Management LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,912,226 shares of the company’s stock after buying an additional 164,126 shares during the period. SPDR Portfolio High Yield Bond ETF comprises 4.3% of Ocean Park Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Ocean Park Asset Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $92,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after purchasing an additional 745 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SPDR Portfolio High Yield Bond ETF by 102.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,248,456 shares of the company’s stock worth $29,713,000 after purchasing an additional 631,146 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 21.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 9,129 shares of the company’s stock worth $217,000 after buying an additional 1,603 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.6% during the second quarter. Advisors Asset Management Inc. now owns 34,343 shares of the company’s stock worth $817,000 after buying an additional 1,827 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 115,765 shares of the company’s stock valued at $2,755,000 after buying an additional 17,036 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.06 on Monday. The company has a market cap of $10.20 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month 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.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1396 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, March 2nd. This is a positive change 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.