Diversify Wealth Management LLC Acquires 99,178 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Diversify Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 18.2% during the fourth quarter, HoldingsChannel reports. The firm owned 644,784 shares of the company’s stock after buying an additional 99,178 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises approximately 0.7% of Diversify Wealth Management LLC’s holdings, making the stock its 25th biggest position. Diversify Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $15,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPHY. Newbridge Financial Services Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after purchasing an additional 778 shares during the period. Fourth Dimension Wealth LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 89.2% during the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after buying an additional 633 shares in the last quarter. Allworth Financial LP boosted its stake in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 100.5% during the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after buying an additional 1,114 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $67,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY opened at $23.40 on Friday. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week high of $23.99. The company’s fifty day moving average is $23.42 and its 200-day moving average is $23.62. The company has a market capitalization of $10.48 billion, a PE ratio of 7.31 and a beta of 0.38.

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.