Flagship Harbor Advisors LLC Has $3.43 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Flagship Harbor Advisors LLC lowered its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 34.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,206 shares of the company’s stock after selling 74,840 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPHY. Sei Investments Co. lifted 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 period. Vantagepoint Investment Advisers LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 1.3% in the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after purchasing an additional 95,000 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 2.7% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock worth $172,381,000 after purchasing an additional 186,060 shares during the period. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio High Yield Bond ETF by 19.6% during the third quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock worth $87,985,000 after purchasing an additional 602,997 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in SPDR Portfolio High Yield Bond ETF by 4.2% during the second quarter. 1832 Asset Management L.P. now owns 3,399,653 shares of the company’s stock worth $80,912,000 after buying an additional 138,308 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

SPHY stock opened at $23.64 on Friday. The company’s 50-day moving average price is $23.73 and its two-hundred day moving average price is $23.75. The firm has a market cap of $10.45 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1379 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, February 2nd.

SPDR Portfolio High Yield Bond ETF 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.