Principal Securities Inc. Reduces Position in SPDR Portfolio High Yield Bond ETF $SPHY

Principal Securities Inc. lessened its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 549,655 shares of the company’s stock after selling 32,711 shares during the period. Principal Securities Inc. owned approximately 0.12% of SPDR Portfolio High Yield Bond ETF worth $13,010,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after purchasing an additional 4,256,596 shares during the last quarter. Sei Investments Co. grew its position in SPDR Portfolio High Yield Bond ETF by 6.3% during the 3rd quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock worth $426,678,000 after purchasing an additional 1,053,670 shares during the last quarter. LPL Financial LLC grew its position in SPDR Portfolio High Yield Bond ETF by 12.3% during the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after purchasing an additional 967,530 shares during the last quarter. Ameriprise Financial Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after purchasing an additional 2,232,954 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its position in SPDR Portfolio High Yield Bond ETF by 0.6% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after purchasing an additional 46,030 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.5%

NYSEARCA:SPHY opened at $23.40 on Friday. The company’s 50 day moving average is $23.43 and its two-hundred day moving average is $23.56. The company has a market cap of $10.48 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99.

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.