Principal Securities Inc. Reduces Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Principal Securities Inc. reduced its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 5.6% during the 4th quarter, Holdings Channel reports. The fund owned 549,655 shares of the company’s stock after selling 32,711 shares during the period. Principal Securities Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $13,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SPHY. Newbridge Financial Services Group Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the 3rd 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 last quarter. Parallel Advisors LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 110.5% in the 4th quarter. Parallel Advisors LLC now owns 2,638 shares of the company’s stock valued at $62,000 after acquiring an additional 1,385 shares during the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $67,000. Finally, Caitlin John LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at $84,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY stock opened at $23.40 on Friday. The firm’s fifty day simple moving average is $23.43 and its 200-day simple moving average is $23.56. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The company has a market capitalization of $10.48 billion, a P/E 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.