Strategic Investment Advisors MI Has $901,000 Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Strategic Investment Advisors MI increased its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 206.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,646 shares of the company’s stock after acquiring an additional 25,364 shares during the period. Strategic Investment Advisors MI’s holdings in SPDR Portfolio High Yield Bond ETF were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in SPDR Portfolio High Yield Bond ETF by 10.5% in the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after purchasing an additional 4,256,596 shares in the last quarter. Sei Investments Co. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 6.3% during the 3rd quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock worth $426,678,000 after purchasing an additional 1,053,670 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Vantagepoint Investment Advisers LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after buying an additional 95,000 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after buying an additional 186,060 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.27 on Thursday. The firm has a market cap of $10.29 billion, a PE ratio of 7.31 and a beta of 0.39. The firm’s 50 day moving average price is $23.67 and its 200 day moving average price is $23.72. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.21 and a twelve month high of $23.99.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1396 dividend. The ex-dividend date was Monday, March 2nd. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

SPDR Portfolio High Yield Bond ETF 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.