Trivium Point Advisory LLC Cuts Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Trivium Point Advisory LLC lowered its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 91.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,791 shares of the company’s stock after selling 113,095 shares during the quarter. Trivium Point Advisory LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPHY. Index Fund Advisors Inc. increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.9% in the third quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock worth $1,131,000 after purchasing an additional 421 shares during the last quarter. Inscription Capital LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 1.5% during the 3rd quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock valued at $716,000 after buying an additional 454 shares in the last quarter. Cumberland Partners Ltd increased its stake in SPDR Portfolio High Yield Bond ETF by 4.5% in the 3rd quarter. Cumberland Partners Ltd now owns 10,876 shares of the company’s stock worth $260,000 after acquiring an additional 466 shares during the last quarter. Lynx Investment Advisory raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 12,608 shares of the company’s stock worth $302,000 after acquiring an additional 522 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock worth $242,000 after acquiring an additional 525 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.70 on Monday. The firm has a fifty day moving average price of $23.74 and a 200 day moving average price of $23.75. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The firm has a market cap of $10.48 billion, a PE ratio of 7.31 and a beta of 0.39.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be issued a $0.1396 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.