Jefferies Financial Group Inc. Acquires New Position in SPDR Portfolio High Yield Bond ETF $SPHY

Jefferies Financial Group Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 410,058 shares of the company’s stock, valued at approximately $9,817,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHY. Sei Investments Co. increased its stake in SPDR Portfolio High Yield Bond ETF by 5.4% in the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after purchasing an additional 859,566 shares during the last quarter. Vantagepoint Investment Advisers LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 1.3% in the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock valued at $181,098,000 after buying an additional 95,000 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock valued at $172,381,000 after acquiring an additional 186,060 shares during the last quarter. US Bancorp DE increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 9.5% during the 3rd quarter. US Bancorp DE now owns 5,669,418 shares of the company’s stock valued at $135,726,000 after acquiring an additional 493,819 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock worth $87,985,000 after acquiring an additional 602,997 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.47 on Tuesday. The firm has a market capitalization of $10.38 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The company has a 50 day moving average price of $23.72 and a 200 day moving average price of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1396 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.