PNC Financial Services Group Inc. Increases Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

PNC Financial Services Group Inc. grew its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 9.8% during the third quarter, HoldingsChannel reports. The firm owned 302,083 shares of the company’s stock after purchasing an additional 27,079 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $7,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPHY. Newbridge Financial Services Group Inc. grew its position 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 valued at $29,000 after buying an additional 778 shares during the last quarter. Fourth Dimension Wealth LLC lifted 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 worth $32,000 after acquiring an additional 633 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 100.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after acquiring an additional 1,114 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 22.8% in the third quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after acquiring an additional 628 shares in the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth about $84,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

NYSEARCA SPHY opened at $23.76 on Friday. The stock has a market capitalization of $10.51 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The firm has a 50-day moving average price of $23.73 and a 200 day moving average price of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

SPDR Portfolio High Yield Bond ETF Company 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.