TSG Advice Partners LLC Purchases New Position in SPDR Portfolio High Yield Bond ETF $SPHY

TSG Advice Partners LLC purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 503,965 shares of the company’s stock, valued at approximately $11,752,000. SPDR Portfolio High Yield Bond ETF makes up 1.8% of TSG Advice Partners LLC’s portfolio, making the stock its 15th largest position. TSG Advice Partners LLC owned approximately 0.11% of SPDR Portfolio High Yield Bond ETF as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. raised its position in 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 valued at $29,000 after purchasing an additional 778 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 301.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after purchasing an additional 1,262 shares during the last quarter. Allworth Financial LP increased its position in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% during the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at approximately $53,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.31 on Thursday. The firm has a market capitalization of $11.33 billion, a PE ratio of 7.31 and a beta of 0.38. The stock’s fifty day moving average is $23.42 and its 200 day moving average is $23.53. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99.

About SPDR Portfolio High Yield Bond ETF

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.