The Manufacturers Life Insurance Company Buys 34,195 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

The Manufacturers Life Insurance Company grew its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 996,761 shares of the company’s stock after acquiring an additional 34,195 shares during the quarter. The Manufacturers Life Insurance Company owned 0.22% of SPDR Portfolio High Yield Bond ETF worth $23,244,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its holdings 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 approximately $38,000. Smartleaf Asset Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 301.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after buying an additional 1,262 shares during the last quarter. Physician Wealth Advisors Inc. increased its position 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 valued at $41,000 after acquiring an additional 623 shares during the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth approximately $53,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.0%

NYSEARCA SPHY opened at $23.27 on Friday. The firm’s fifty day moving average price is $23.35 and its two-hundred day moving average price is $23.47. The firm has a market capitalization of $11.67 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99.

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.