SMH Capital Advisors Inc. Acquires 32,000 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

SMH Capital Advisors Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 106.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,000 shares of the company’s stock after acquiring an additional 32,000 shares during the period. SPDR Portfolio High Yield Bond ETF comprises approximately 3.4% of SMH Capital Advisors Inc.’s portfolio, making the stock its 4th largest position. SMH Capital Advisors Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,476,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SPHY. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 24.1% during the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after acquiring an additional 1,587,936 shares in the last quarter. Grimes & Company Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $166,945,000. Municipal Employees Retirement System of Michigan lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 362.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock valued at $139,451,000 after purchasing an additional 4,666,949 shares during the last quarter. Cornerstone Enterprises LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 1.7% during the 2nd quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock worth $40,799,000 after buying an additional 29,303 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in SPDR Portfolio High Yield Bond ETF by 58.4% during the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after buying an additional 500,938 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY 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 52-week low of $22.21 and a 52-week high of $23.99. The business’s 50-day moving average price is $23.81 and its 200 day moving average price is $23.62.

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.