Financial Life Advisors Has $8.43 Million Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Financial Life Advisors decreased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 20.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 361,443 shares of the company’s stock after selling 93,811 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up approximately 2.6% of Financial Life Advisors’ portfolio, making the stock its 14th largest holding. Financial Life Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $8,429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after buying an additional 778 shares during the period. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth $38,000. Smartleaf Asset Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after acquiring an additional 1,262 shares during the period. Physician Wealth Advisors Inc. lifted its position in SPDR Portfolio High Yield Bond ETF by 54.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after acquiring an additional 623 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY opened at $23.35 on Wednesday. The stock’s 50-day moving average is $23.40 and its 200-day moving average is $23.52. The company has a market cap of $11.21 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99.

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.