Farther Finance Advisors LLC Buys 272,892 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Farther Finance Advisors LLC increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 63.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 704,070 shares of the company’s stock after purchasing an additional 272,892 shares during the period. Farther Finance Advisors LLC owned approximately 0.35% of SPDR Portfolio High Yield Bond ETF worth $16,525,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Providence First Trust Co bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth approximately $47,000. AdvisorNet Financial Inc grew its position in SPDR Portfolio High Yield Bond ETF by 18.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after acquiring an additional 447 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $86,000. Investment Research & Advisory Group Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 9,964.4% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock valued at $106,000 after acquiring an additional 4,484 shares during the last quarter. Finally, Private Trust Co. NA grew its position in SPDR Portfolio High Yield Bond ETF by 61.8% during the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after acquiring an additional 1,817 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.42 on Wednesday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.82 and a one year high of $24.07. The firm’s 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $23.73. The stock has a market capitalization of $7.71 billion, a P/E ratio of 59.88 and a beta of 0.47.

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.