SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by Rialto Wealth Management LLC

Rialto Wealth Management LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 60.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,801 shares of the company’s stock after purchasing an additional 47,930 shares during the quarter. Rialto Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after buying an additional 778 shares in the last quarter. Alaska Permanent Capital Management LLC grew 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 worth $31,000 after acquiring an additional 1,310 shares in the last quarter. Fourth Dimension Wealth LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 89.2% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after purchasing an additional 633 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 100.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after purchasing an additional 1,114 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 22.8% during the third quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock worth $81,000 after purchasing an additional 628 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.74 on Monday. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The stock has a 50-day simple moving average of $23.73 and a 200 day simple moving average of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

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

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.