Iowa State Bank Purchases 27,401 Shares of SPDR Portfolio High Yield Bond ETF $SPHY
by Amy Steele · The Cerbat GemIowa State Bank boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 5.0% in the third quarter, Holdings Channel.com reports. The fund owned 574,739 shares of the company’s stock after buying an additional 27,401 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises 2.6% of Iowa State Bank’s holdings, making the stock its 10th largest holding. Iowa State Bank’s holdings in SPDR Portfolio High Yield Bond ETF were worth $13,759,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Cranbrook Wealth Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the second quarter worth about $26,000. Parallel Advisors LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $29,000. Newbridge Financial Services Group Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after buying an additional 778 shares during the last quarter. Alaska Permanent Capital Management LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 10,916.7% during the 2nd quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $46,000.
SPDR Portfolio High Yield Bond ETF Trading Up 0.0%
Shares of NYSEARCA SPHY opened at $23.69 on Tuesday. The firm has a market cap of $9.99 billion, a P/E ratio of 7.31 and a beta of 0.39. The business’s 50 day moving average is $23.71 and its 200-day moving average is $23.70. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99.
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.
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Want to see what other hedge funds are holding SPHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report).