SageView Advisory Group LLC Has $32.13 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

SageView Advisory Group LLC grew its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,341,992 shares of the company’s stock after acquiring an additional 224,458 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for approximately 1.1% of SageView Advisory Group LLC’s holdings, making the stock its 13th largest position. SageView Advisory Group LLC owned approximately 0.32% of SPDR Portfolio High Yield Bond ETF worth $32,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPHY. Auour Investments LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 207.7% in the third quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock valued at $1,697,000 after purchasing an additional 47,862 shares during the last quarter. GatePass Capital LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after buying an additional 38,350 shares during the period. Commonwealth Equity Services LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 116.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after buying an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock valued at $3,009,000 after buying an additional 99,433 shares during the last quarter. Finally, 49 Wealth Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $5,749,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1%

Shares of SPHY stock opened at $23.45 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The company has a market capitalization of $10.37 billion, a PE ratio of 7.31 and a beta of 0.39. The firm has a 50 day moving average price of $23.72 and a two-hundred day moving average price of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1396 dividend. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 7.1%.

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.