Horizon Investment Services LLC Has $7.93 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Horizon Investment Services LLC trimmed its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 333,188 shares of the company’s stock after selling 15,053 shares during the period. SPDR Portfolio High Yield Bond ETF comprises approximately 3.5% of Horizon Investment Services LLC’s portfolio, making the stock its 6th largest position. Horizon Investment Services LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $7,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cranbrook Wealth Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth approximately $26,000. Parallel Advisors LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth approximately $29,000. Alaska Permanent Capital Management LLC raised 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 buying an additional 1,310 shares during the last quarter. Grove Bank & Trust purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $46,000. Finally, Fifth Third Bancorp purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at about $50,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.60 on Friday. The firm has a market cap of $9.95 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The firm has a 50-day moving average of $23.81 and a 200-day moving average of $23.62.

About SPDR Portfolio High Yield Bond ETF

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.