Meridian Wealth Management LLC Has $610,000 Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Meridian Wealth Management LLC cut its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 88.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,768 shares of the company’s stock after selling 196,052 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $610,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Auour Investments LLC lifted 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 purchasing an additional 47,862 shares in the last quarter. GatePass Capital LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after purchasing an additional 38,350 shares in the last quarter. 49 Wealth Management LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $5,749,000. HF Advisory Group LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 11.5% in the fourth quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock valued at $4,958,000 after buying an additional 21,552 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 378.6% in the third quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after buying an additional 99,433 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.39 on Friday. The company’s 50 day simple moving average is $23.40 and its 200 day simple moving average is $23.60. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The firm has a market capitalization of $10.47 billion, a P/E ratio of 7.31 and a beta of 0.38.

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.