Sanctuary Advisors LLC Trims Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Sanctuary Advisors LLC lowered its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 24.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,085 shares of the company’s stock after selling 37,187 shares during the period. Sanctuary Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nwam LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 4.1% in the 1st quarter. Nwam LLC now owns 29,234 shares of the company’s stock valued at $682,000 after purchasing an additional 1,138 shares during the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter worth about $804,000. Diversify Wealth Management LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 82.8% during the 1st quarter. Diversify Wealth Management LLC now owns 1,178,808 shares of the company’s stock worth $27,690,000 after purchasing an additional 534,024 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1,238.4% during the first quarter. Fifth Third Bancorp now owns 118,304 shares of the company’s stock worth $2,759,000 after buying an additional 109,465 shares in the last quarter. Finally, Droms Strauss Advisors Inc. MO ADV grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.8% during the first quarter. Droms Strauss Advisors Inc. MO ADV now owns 12,191 shares of the company’s stock worth $284,000 after buying an additional 879 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.33 on Tuesday. The firm has a 50 day simple moving average of $23.38 and a 200-day simple moving average of $23.50. The firm has a market cap of $11.46 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1-year low of $23.02 and a 1-year high of $23.99.

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.