Gateway Wealth Partners LLC Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Gateway Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 24,437 shares of the company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 171.4% during 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 period. IFC & Insurance Marketing Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $38,000. Smartleaf Asset Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 301.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock worth $40,000 after acquiring an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 54.7% in the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after acquiring an additional 623 shares during the period. Finally, Arax Advisory Partners bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $53,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA SPHY opened at $23.26 on Friday. The stock has a market cap of $11.63 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The stock has a fifty day moving average of $23.36 and a 200-day moving average of $23.47.

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.