Bank of New York Mellon Corp Acquires New Holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Bank of New York Mellon Corp bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 42,911 shares of the company’s stock, valued at approximately $1,007,000.

A number of other large investors have also recently added to or reduced their stakes in SPHY. Private Trust Co. NA boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 61.8% during the 3rd quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after acquiring an additional 1,817 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at approximately $365,000. IHT Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at approximately $655,000. Continuum Advisory LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 4.1% in the 3rd quarter. Continuum Advisory LLC now owns 29,528 shares of the company’s stock valued at $700,000 after purchasing an additional 1,162 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in SPDR Portfolio High Yield Bond ETF by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock valued at $5,395,000 after buying an additional 198,457 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.60 on Tuesday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 59.88 and a beta of 0.47. The stock has a fifty day moving average price of $23.67 and a two-hundred day moving average price of $23.71. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.82 and a 52-week high of $24.07.

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.