Iowa State Bank Buys 99,435 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Iowa State Bank boosted its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,535,008 shares of the company’s stock after acquiring an additional 99,435 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for 5.6% of Iowa State Bank’s holdings, making the stock its 2nd largest position. Iowa State Bank owned approximately 0.30% of SPDR Portfolio High Yield Bond ETF worth $34,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of SPHY. NEOS Investment Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $69,777,000. Ocean Park Asset Management LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 53.4% during the second quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock worth $142,534,000 after purchasing an additional 2,116,024 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Portfolio High Yield Bond ETF by 37.5% during the second quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock worth $163,658,000 after purchasing an additional 1,903,466 shares in the last quarter. Cetera Investment Advisers grew its holdings in SPDR Portfolio High Yield Bond ETF by 68.1% in the first quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock valued at $82,932,000 after purchasing an additional 1,441,014 shares during the period. Finally, Sei Investments Co. grew its holdings in SPDR Portfolio High Yield Bond ETF by 5.7% in the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after purchasing an additional 1,061,796 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

Shares of SPDR Portfolio High Yield Bond ETF stock traded up $0.07 on Tuesday, reaching $22.57. The company’s stock had a trading volume of 2,689,142 shares, compared to its average volume of 5,889,251. The company has a market capitalization of $11.71 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.32 and a 52-week high of $23.95. The stock has a 50-day moving average price of $23.10 and a 200-day moving average price of $23.28.

About SPDR Portfolio High Yield Bond ETF

(Free Report)

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.

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