SPDR Portfolio High Yield Bond ETF $SPHY Shares Bought by Rialto Wealth Management LLC

Rialto Wealth Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 24.8% in the 4th quarter, Holdings Channel reports. The fund owned 159,432 shares of the company’s stock after buying an additional 31,631 shares during the period. SPDR Portfolio High Yield Bond ETF comprises 0.9% of Rialto Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Rialto Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $3,774,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Appleton Partners Inc. MA lifted its position in SPDR Portfolio High Yield Bond ETF by 7.1% in the 4th quarter. Appleton Partners Inc. MA now owns 139,555 shares of the company’s stock valued at $3,303,000 after purchasing an additional 9,191 shares during the last quarter. Capital CS Group LLC grew its position in SPDR Portfolio High Yield Bond ETF by 29.1% in the 4th quarter. Capital CS Group LLC now owns 13,062 shares of the company’s stock worth $309,000 after purchasing an additional 2,943 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $242,000. Moller Wealth Partners increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 29.9% in the fourth quarter. Moller Wealth Partners now owns 184,087 shares of the company’s stock valued at $4,357,000 after purchasing an additional 42,378 shares during the period. Finally, Signet Financial Management LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 42.5% in the fourth quarter. Signet Financial Management LLC now owns 54,903 shares of the company’s stock valued at $1,300,000 after purchasing an additional 16,363 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Up 0.6%

Shares of NYSEARCA SPHY opened at $23.26 on Tuesday. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The company has a market cap of $10.29 billion, a PE ratio of 7.31 and a beta of 0.39. The stock has a 50 day simple moving average of $23.63 and a 200-day simple moving average of $23.71.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1396 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.