Pacific Excel Wealth Advisors Inc. Invests $1.79 Million in SPDR Portfolio High Yield Bond ETF $SPHY

Pacific Excel Wealth Advisors Inc. acquired a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 76,483 shares of the company’s stock, valued at approximately $1,793,000.

Several other institutional investors and hedge funds have also modified their holdings of SPHY. Newbridge Financial Services Group Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after acquiring an additional 778 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $38,000. Smartleaf Asset Management LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 301.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after purchasing an additional 1,262 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 54.7% during the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after purchasing an additional 623 shares during the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $53,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.3%

SPDR Portfolio High Yield Bond ETF stock opened at $23.27 on Wednesday. The firm has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a fifty day moving average price of $23.35 and a 200 day moving average price of $23.46. SPDR Portfolio High Yield Bond ETF has a 52 week low of $23.02 and a 52 week 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.