Central Pacific Bank Trust Division Raises Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Central Pacific Bank Trust Division grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 125.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 263,335 shares of the company’s stock after buying an additional 146,355 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for about 0.6% of Central Pacific Bank Trust Division’s investment portfolio, making the stock its 24th biggest holding. Central Pacific Bank Trust Division’s holdings in SPDR Portfolio High Yield Bond ETF were worth $6,173,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. grew its holdings in SPDR Portfolio High Yield Bond ETF by 5.7% during the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after acquiring an additional 1,061,796 shares during the period. LPL Financial LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 12.3% in the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after acquiring an additional 967,530 shares during the period. Ameriprise Financial Inc. boosted its position 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 worth $207,971,000 after purchasing an additional 2,232,954 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after purchasing an additional 46,030 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 14.8% during the 4th quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock worth $154,106,000 after purchasing an additional 841,165 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

NYSEARCA:SPHY opened at $23.27 on Wednesday. The firm’s fifty day simple moving average is $23.35 and its 200-day simple moving average is $23.46. The stock has a market cap of $11.63 billion, a PE ratio of 7.31 and a beta of 0.38. 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.