Gladstone Institutional Advisory LLC Purchases 69,386 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Gladstone Institutional Advisory LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 593.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,084 shares of the company’s stock after purchasing an additional 69,386 shares during the period. Gladstone Institutional Advisory LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Grimes & Company Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $166,945,000. Exchange Traded Concepts LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $32,905,000. Toews Corp ADV acquired a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth $23,498,000. MML Investors Services LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 55.5% during the 2nd quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock worth $61,105,000 after acquiring an additional 916,341 shares during the period. Finally, Sei Investments Co. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after acquiring an additional 859,566 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

NYSEARCA:SPHY opened at $23.75 on Thursday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The firm has a market capitalization of $10.51 billion, a P/E ratio of 7.31 and a beta of 0.39. The stock’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $23.73.

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.