Confluence Investment Management LLC Acquires 17,118 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Confluence Investment Management LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 496,053 shares of the company’s stock after buying an additional 17,118 shares during the period. Confluence Investment Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $11,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 61.8% in the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock worth $114,000 after acquiring an additional 1,817 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at about $111,000. Cullen Frost Bankers Inc. bought a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at about $120,000. Massmutual Trust Co. FSB ADV raised its holdings in SPDR Portfolio High Yield Bond ETF by 625.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock worth $155,000 after buying an additional 5,570 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 8.0% in the third quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock worth $232,000 after buying an additional 718 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY traded up $0.03 during trading on Thursday, reaching $23.50. 710,567 shares of the stock traded hands, compared to its average volume of 3,576,188. The stock has a market cap of $4.77 billion, a P/E ratio of 3.97 and a beta of 0.34. The stock has a 50-day moving average of $23.69 and a two-hundred day moving average of $23.63. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.82 and a 52-week high of $24.07.

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.