42,880 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Acquired by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the first quarter, HoldingsChannel reports. The institutional investor acquired 42,880 shares of the company’s stock, valued at approximately $1,000,000.

A number of other large investors have also added to or reduced their stakes in SPHY. Integrated Wealth Concepts LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 7.2% in the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after acquiring an additional 745 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.5% during the second quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock valued at $8,098,000 after acquiring an additional 17,658 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of SPDR Portfolio High Yield Bond ETF by 0.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock worth $21,498,000 after purchasing an additional 5,169 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 71.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock worth $240,000 after purchasing an additional 4,198 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 5.3% in the 2nd quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock worth $1,637,000 after purchasing an additional 3,481 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.33 on Tuesday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99. The firm’s 50-day moving average is $23.38 and its 200 day moving average is $23.50. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.