Meridian Wealth Management LLC Sells 196,052 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Meridian Wealth Management LLC lessened its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 88.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,768 shares of the company’s stock after selling 196,052 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $610,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in SPDR Portfolio High Yield Bond ETF by 10.5% in the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after purchasing an additional 4,256,596 shares in the last quarter. Sei Investments Co. increased its stake in SPDR Portfolio High Yield Bond ETF by 6.3% in the third quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock valued at $426,678,000 after purchasing an additional 1,053,670 shares in the last quarter. Ameriprise Financial Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares in the last quarter. Vantagepoint Investment Advisers LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock worth $181,098,000 after acquiring an additional 95,000 shares in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after acquiring an additional 46,030 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

Shares of SPHY stock opened at $23.39 on Friday. The firm has a fifty day moving average of $23.40 and a 200-day moving average of $23.60. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The company has a market capitalization of $10.47 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.