Sound Income Strategies LLC Buys 81,990 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Sound Income Strategies LLC raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 50.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,962 shares of the company’s stock after buying an additional 81,990 shares during the period. Sound Income Strategies LLC owned about 0.05% of SPDR Portfolio High Yield Bond ETF worth $5,809,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Index Fund Advisors Inc. increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.9% in the 3rd quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock worth $1,131,000 after buying an additional 421 shares during the last quarter. Aspire Private Capital LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.6% in the 4th quarter. Aspire Private Capital LLC now owns 28,071 shares of the company’s stock worth $664,000 after buying an additional 435 shares during the last quarter. Inscription Capital LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.5% in the 3rd quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock worth $716,000 after buying an additional 454 shares during the last quarter. Cumberland Partners Ltd raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.5% during the 3rd quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock valued at $260,000 after buying an additional 466 shares in the last quarter. Finally, Lynx Investment Advisory raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock valued at $302,000 after buying an additional 522 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA SPHY opened at $23.34 on Tuesday. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The stock’s 50-day moving average is $23.52 and its 200 day moving average is $23.66.

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.