2,726,004 Shares of SPDR Portfolio High Yield Bond ETF $SPHY Bought by Conning Inc.

Conning Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,726,004 shares of the company’s stock, valued at approximately $61,580,000. SPDR Portfolio High Yield Bond ETF makes up approximately 1.9% of Conning Inc.’s holdings, making the stock its 3rd largest holding. Conning Inc. owned about 0.52% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HF Advisory Group LLC grew its position in SPDR Portfolio High Yield Bond ETF by 10.5% in the second quarter. HF Advisory Group LLC now owns 253,222 shares of the company’s stock valued at $5,936,000 after acquiring an additional 24,023 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 26.4% during the 2nd quarter. NewEdge Advisors LLC now owns 334,333 shares of the company’s stock worth $7,837,000 after buying an additional 69,852 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 90.7% in the first quarter. Impact Partnership Wealth LLC now owns 330,375 shares of the company’s stock worth $7,704,000 after purchasing an additional 157,099 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at about $570,000. Finally, Tenet Wealth Partners LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $1,052,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $22.67 on Thursday. The stock has a fifty day moving average price of $22.85 and a 200 day moving average price of $23.30. The company has a market cap of $11.87 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.32 and a 12 month high of $23.92.

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.