SPDR Portfolio High Yield Bond ETF $SPHY Shares Bought by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 222.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,000 shares of the company’s stock after purchasing an additional 138,000 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for 9.6% of SMH Capital Advisors Inc.’s holdings, making the stock its 3rd largest holding. SMH Capital Advisors Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,760,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPHY. Advisors Capital Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth $72,441,000. Exchange Traded Concepts LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $32,905,000. MML Investors Services LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 55.5% in the 2nd quarter. MML Investors Services LLC now owns 2,567,446 shares of the company’s stock valued at $61,105,000 after buying an additional 916,341 shares during the period. Sei Investments Co. lifted its position in SPDR Portfolio High Yield Bond ETF by 5.4% in the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after buying an additional 859,566 shares during the last quarter. Finally, CNO Financial Group Inc. lifted its position in SPDR Portfolio High Yield Bond ETF by 154.3% in the second quarter. CNO Financial Group Inc. now owns 1,068,000 shares of the company’s stock valued at $25,418,000 after buying an additional 648,000 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $23.36 on Monday. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The stock has a market cap of $10.33 billion, a PE ratio of 7.31 and a beta of 0.39. The firm has a 50-day simple moving average of $23.72 and a two-hundred day simple moving average of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1396 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

About SPDR Portfolio High Yield Bond ETF

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.