3,025,928 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Bought by Advisors Capital Management LLC

Advisors Capital Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,025,928 shares of the company’s stock, valued at approximately $72,441,000. SPDR Portfolio High Yield Bond ETF accounts for 0.9% of Advisors Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its holdings in shares of 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 worth $29,000 after acquiring an additional 778 shares during the period. Fourth Dimension Wealth LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock valued at $32,000 after purchasing an additional 633 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd 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. CoreCap Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock worth $81,000 after buying an additional 628 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth $84,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

NYSEARCA:SPHY opened at $23.72 on Wednesday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The stock’s 50-day simple moving average is $23.73 and its 200 day simple moving average is $23.75. The firm has a market capitalization of $10.49 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1379 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 7.0%.

SPDR Portfolio High Yield Bond ETF Profile

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.