Prevail Innovative Wealth Advisors LLC Has $1.73 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Prevail Innovative Wealth Advisors LLC increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 53.9% in the third quarter, Holdings Channel.com reports. The firm owned 72,257 shares of the company’s stock after purchasing an additional 25,305 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,730,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SPHY. Auour Investments LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 207.7% during the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after buying an additional 47,862 shares during the period. GatePass Capital LLC raised its position in SPDR Portfolio High Yield Bond ETF by 189.9% in the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock valued at $1,402,000 after buying an additional 38,350 shares during the last quarter. Commonwealth Equity Services LLC raised its position in SPDR Portfolio High Yield Bond ETF by 116.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after buying an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after acquiring an additional 99,433 shares in the last quarter. Finally, 49 Wealth Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at approximately $5,749,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.4%

NYSEARCA:SPHY opened at $23.36 on Friday. The company has a market cap of $10.33 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99. The business has a 50 day moving average price of $23.72 and a two-hundred day moving average price of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1396 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 7.2%.

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.