Onyx Bridge Wealth Group LLC Cuts Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Onyx Bridge Wealth Group LLC cut its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 42.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,923 shares of the company’s stock after selling 35,077 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHY. Newbridge Financial Services Group Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after acquiring an additional 778 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $38,000. Smartleaf Asset Management LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 301.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after acquiring an additional 1,262 shares in the last quarter. Allworth Financial LP raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 1,098.9% in the third 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 in the last quarter. Finally, Arax Advisory Partners purchased a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $53,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $23.41 on Friday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The business has a fifty day moving average price of $23.43 and a 200 day moving average price of $23.54.

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.