Tenet Wealth Partners LLC Takes $1.05 Million Position in SPDR Portfolio High Yield Bond ETF $SPHY

Tenet Wealth Partners LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 45,340 shares of the company’s stock, valued at approximately $1,052,000. SPDR Portfolio High Yield Bond ETF accounts for 0.8% of Tenet Wealth Partners LLC’s investment portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NEOS Investment Management LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter valued at approximately $69,777,000. Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after acquiring an additional 2,232,954 shares during the last quarter. Ocean Park Asset Management LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 53.4% during the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock worth $142,534,000 after acquiring an additional 2,116,024 shares during the last quarter. Cetera Investment Advisers grew its position in shares of SPDR Portfolio High Yield Bond ETF by 68.1% during the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock valued at $82,932,000 after acquiring an additional 1,441,014 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after acquiring an additional 1,093,159 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.16 on Friday. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year high of $23.99. The business has a fifty day moving average price of $23.29 and a 200-day moving average price of $23.38. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.