Sound Income Strategies LLC Has $7.01 Million Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Sound Income Strategies LLC raised its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 301,568 shares of the company’s stock after purchasing an additional 57,606 shares during the quarter. Sound Income Strategies LLC owned approximately 0.07% of SPDR Portfolio High Yield Bond ETF worth $7,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HF Advisory Group LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 11.5% during the 4th quarter. HF Advisory Group LLC now owns 209,470 shares of the company’s stock worth $4,958,000 after acquiring an additional 21,552 shares during the last quarter. Financial Advisory Partners LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 8.1% in the fourth quarter. Financial Advisory Partners LLC now owns 449,158 shares of the company’s stock worth $10,632,000 after acquiring an additional 33,785 shares during the last quarter. Rede Wealth LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $1,391,000. Diversified Enterprises LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 17.5% during the fourth quarter. Diversified Enterprises LLC now owns 148,109 shares of the company’s stock worth $3,506,000 after purchasing an additional 22,053 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth approximately $9,817,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $23.34 on Friday. The stock has a market capitalization of $11.35 billion, a P/E ratio of 7.31 and a beta of 0.38. The company’s 50 day simple moving average is $23.42 and its 200-day simple moving average is $23.53. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year high of $23.99.

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.