2,414 Shares in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Acquired by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,414 shares of the company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in SPDR Portfolio High Yield Bond ETF by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock worth $5,395,000 after purchasing an additional 198,457 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $200,000. AdvisorNet Financial Inc raised its holdings 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 worth $68,000 after purchasing an additional 447 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 17.9% in the fourth quarter. Arkadios Wealth Advisors now owns 34,215 shares of the company’s stock valued at $803,000 after buying an additional 5,206 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 3.6% in the fourth quarter. Confluence Investment Management LLC now owns 496,053 shares of the company’s stock valued at $11,642,000 after buying an additional 17,118 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.54 on Friday. The stock has a market capitalization of $7.74 billion, a P/E ratio of 59.88 and a beta of 0.47. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.82 and a 1 year high of $24.07. The business’s fifty day moving average is $23.66 and its two-hundred day moving average is $23.71.

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.