Toews Corp ADV Buys 429,200 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Toews Corp ADV raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,655,700 shares of the company’s stock after buying an additional 429,200 shares during the period. SPDR Portfolio High Yield Bond ETF makes up approximately 5.7% of Toews Corp ADV’s holdings, making the stock its 3rd largest holding. Toews Corp ADV owned about 0.38% of SPDR Portfolio High Yield Bond ETF worth $39,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after acquiring an additional 745 shares during the period. NewEdge Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 5.5% during the second quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock worth $8,098,000 after purchasing an additional 17,658 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in SPDR Portfolio High Yield Bond ETF by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 903,301 shares of the company’s stock worth $21,498,000 after purchasing an additional 5,169 shares in the last quarter. EP Wealth Advisors LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 71.2% during the second quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock worth $240,000 after purchasing an additional 4,198 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 5.3% in the second quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock valued at $1,637,000 after purchasing an additional 3,481 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.3%

Shares of SPHY stock opened at $23.49 on Thursday. The stock has a market cap of $10.54 billion, a P/E ratio of 7.31 and a beta of 0.40. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The business has a fifty day simple moving average of $23.45 and a 200-day simple moving average of $23.63.

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.