SVB Wealth LLC Takes $292,000 Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

SVB Wealth LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the fourth quarter, HoldingsChannel reports. The firm purchased 12,450 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also made changes to their positions in SPHY. AdvisorNet Financial Inc increased its position in SPDR Portfolio High Yield Bond ETF by 18.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after purchasing an additional 447 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 4th quarter worth about $86,000. Investment Research & Advisory Group Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 9,964.4% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock worth $106,000 after purchasing an additional 4,484 shares in the last quarter. Private Trust Co. NA increased its position in SPDR Portfolio High Yield Bond ETF by 61.8% during the 3rd quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock worth $114,000 after purchasing an additional 1,817 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the 4th quarter worth about $200,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1 %

SPDR Portfolio High Yield Bond ETF stock opened at $23.65 on Thursday. The stock has a market cap of $7.26 billion, a PE ratio of 60.70 and a beta of 0.46. The stock has a 50-day moving average price of $23.67 and a 200 day moving average price of $23.73. 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 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.