Sunbelt Securities Inc. Purchases Shares of 6,868 SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Sunbelt Securities Inc. acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,868 shares of the company’s stock, valued at approximately $161,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Edmonds Duncan Registered Investment Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 3.4% during the fourth quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 28,404 shares of the company’s stock valued at $664,000 after acquiring an additional 939 shares during the period. Ameriprise Financial Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 154.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,470,927 shares of the company’s stock valued at $55,530,000 after purchasing an additional 1,498,074 shares during the period. Iowa State Bank boosted its stake in SPDR Portfolio High Yield Bond ETF by 5.8% in the 4th quarter. Iowa State Bank now owns 103,603 shares of the company’s stock worth $2,422,000 after purchasing an additional 5,700 shares during the period. Foster & Motley Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 4.9% during the 4th quarter. Foster & Motley Inc. now owns 65,620 shares of the company’s stock valued at $1,534,000 after buying an additional 3,053 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 172.4% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 9,527 shares of the company’s stock valued at $223,000 after buying an additional 6,030 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.23 on Friday. The company’s fifty day moving average price is $23.20 and its 200-day moving average price is $23.27. SPDR Portfolio High Yield Bond ETF has a one year low of $21.80 and a one year high of $23.57. The company has a market capitalization of $4.71 billion, a PE ratio of 3.97 and a beta of 0.34.

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.