Coppell Advisory Solutions LLC Makes New $994,000 Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Coppell Advisory Solutions LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,398 shares of the company’s stock, valued at approximately $994,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its holdings in 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 purchasing an additional 778 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $38,000. Smartleaf Asset Management LLC grew 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 valued at $40,000 after buying an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after buying an additional 623 shares in the last quarter. Finally, Arax Advisory Partners bought a new position in SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $53,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY opened at $23.14 on Thursday. 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 company has a market capitalization of $11.57 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a fifty day moving average of $23.30 and a 200-day moving average of $23.39.

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.