NewEdge Advisors LLC Cuts Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

NewEdge Advisors LLC lowered its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 55.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,669 shares of the company’s stock after selling 146,058 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 7.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after acquiring an additional 745 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock valued at $21,498,000 after purchasing an additional 5,169 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 71.2% in the second quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock valued at $240,000 after purchasing an additional 4,198 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 5.3% during the second quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock worth $1,637,000 after purchasing an additional 3,481 shares during the last quarter. Finally, Modern Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 82.8% during the second quarter. Modern Wealth Management LLC now owns 147,017 shares of the company’s stock worth $3,499,000 after purchasing an additional 66,581 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.27 on Friday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99. The company has a 50-day simple moving average of $23.35 and a two-hundred day simple moving average of $23.47. The company has a market capitalization of $11.63 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.