16,436,100 Shares of SPDR Portfolio High Yield Bond ETF $SPHY Bought by State of Wyoming

State of Wyoming bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 16,436,100 shares of the company’s stock, valued at approximately $371,291,000. SPDR Portfolio High Yield Bond ETF comprises about 28.8% of State of Wyoming’s investment portfolio, making the stock its biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bright Futures Wealth Management LLC. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 3.1% in the third quarter. Bright Futures Wealth Management LLC. now owns 16,217 shares of the company’s stock worth $366,000 after acquiring an additional 486 shares in the last quarter. Pinnacle Bancorp Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 3.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 15,251 shares of the company’s stock valued at $345,000 after purchasing an additional 488 shares in the last quarter. Lynx Investment Advisory grew its stake in SPDR Portfolio High Yield Bond ETF by 3.4% during the 3rd quarter. Lynx Investment Advisory now owns 17,375 shares of the company’s stock valued at $393,000 after purchasing an additional 579 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 54.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after purchasing an additional 623 shares in the last quarter. Finally, PMG Family Office LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 7.1% during the 3rd quarter. PMG Family Office LLC now owns 11,026 shares of the company’s stock worth $249,000 after purchasing an additional 729 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.2%

SPHY stock opened at $22.60 on Friday. The stock’s 50 day moving average is $22.82 and its two-hundred day moving average is $23.29. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.32 and a 52-week high of $23.86. The company has a market capitalization of $11.84 billion, a PE ratio of 7.31 and a beta of 0.39.

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.