LPL Financial LLC Boosts Holdings in SPDR Portfolio High Yield Bond ETF $SPHY
by Danessa Lincoln · The Markets DailyLPL Financial LLC lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 8,802,613 shares of the company’s stock after buying an additional 967,530 shares during the quarter. LPL Financial LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $208,358,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the period. Allworth Financial LP lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares during the period. Parallel Advisors LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 110.5% in the 4th quarter. Parallel Advisors LLC now owns 2,638 shares of the company’s stock worth $62,000 after purchasing an additional 1,385 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $67,000. Finally, Caitlin John LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth about $84,000.
SPDR Portfolio High Yield Bond ETF Price Performance
Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.31 on Wednesday. The company has a 50-day moving average of $23.42 and a 200 day moving average of $23.56. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 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).