SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Rialto Wealth Management LLC

Rialto Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,432 shares of the company’s stock after purchasing an additional 31,631 shares during the period. SPDR Portfolio High Yield Bond ETF comprises 0.9% of Rialto Wealth Management LLC’s portfolio, making the stock its 26th largest position. Rialto Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,774,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Appleton Partners Inc. MA raised its holdings in SPDR Portfolio High Yield Bond ETF by 7.1% in the fourth quarter. Appleton Partners Inc. MA now owns 139,555 shares of the company’s stock valued at $3,303,000 after acquiring an additional 9,191 shares in the last quarter. Capital CS Group LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 29.1% in the 4th quarter. Capital CS Group LLC now owns 13,062 shares of the company’s stock worth $309,000 after purchasing an additional 2,943 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $242,000. Moller Wealth Partners increased its holdings in SPDR Portfolio High Yield Bond ETF by 29.9% in the fourth quarter. Moller Wealth Partners now owns 184,087 shares of the company’s stock valued at $4,357,000 after buying an additional 42,378 shares during the last quarter. Finally, Signet Financial Management LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 42.5% during the 4th quarter. Signet Financial Management LLC now owns 54,903 shares of the company’s stock worth $1,300,000 after buying an additional 16,363 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.6%

Shares of SPHY opened at $23.26 on Tuesday. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The stock has a 50 day moving average of $23.63 and a 200-day moving average of $23.71. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99.

SPDR Portfolio High Yield Bond ETF Increases Dividend

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

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.