Phillip James Consulting Co. Makes New Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Phillip James Consulting Co. bought a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 1st quarter, HoldingsChannel reports. The firm bought 54,185 shares of the company’s stock, valued at approximately $1,264,000. SPDR Portfolio High Yield Bond ETF makes up approximately 0.9% of Phillip James Consulting Co.’s holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 398,395 shares of the company’s stock worth $9,291,000 after acquiring an additional 13,958 shares during the period. Carl P. Sherr & Co. LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 1.5% during the 1st quarter. Carl P. Sherr & Co. LLC now owns 190,679 shares of the company’s stock valued at $4,447,000 after acquiring an additional 2,882 shares during the last quarter. Aire Advisors LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.9% in the first quarter. Aire Advisors LLC now owns 260,388 shares of the company’s stock valued at $6,072,000 after purchasing an additional 4,872 shares during the period. Assetmark Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 13.4% in the first quarter. Assetmark Inc. now owns 1,368,848 shares of the company’s stock valued at $31,922,000 after purchasing an additional 161,858 shares during the period. Finally, Bauman Advisory Group LLC increased its position in SPDR Portfolio High Yield Bond ETF by 752.4% during the first quarter. Bauman Advisory Group LLC now owns 185,483 shares of the company’s stock worth $4,325,000 after purchasing an additional 163,723 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY stock opened at $23.32 on Wednesday. The firm’s 50-day moving average is $23.37 and its two-hundred day moving average is $23.50. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The company has a market capitalization of $11.46 billion, a PE ratio of 7.31 and a beta of 0.38.

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.