TSG Advice Partners LLC Makes New $17.86 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

TSG Advice Partners LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 761,824 shares of the company’s stock, valued at approximately $17,857,000. SPDR Portfolio High Yield Bond ETF accounts for about 2.4% of TSG Advice Partners LLC’s holdings, making the stock its 14th largest holding. TSG Advice Partners LLC owned 0.15% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPHY. Bright Futures Wealth Management LLC. raised its holdings in SPDR Portfolio High Yield Bond ETF by 3.1% in the 3rd quarter. Bright Futures Wealth Management LLC. now owns 16,217 shares of the company’s stock worth $366,000 after acquiring an additional 486 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 3.3% during the third quarter. Pinnacle Bancorp Inc. now owns 15,251 shares of the company’s stock valued at $345,000 after acquiring an additional 488 shares during the period. Lynx Investment Advisory boosted its holdings in SPDR Portfolio High Yield Bond ETF by 3.4% during the third quarter. Lynx Investment Advisory now owns 17,375 shares of the company’s stock valued at $393,000 after acquiring an additional 579 shares during the period. PMG Family Office LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 7.1% during the third quarter. PMG Family Office LLC now owns 11,026 shares of the company’s stock valued at $249,000 after acquiring an additional 729 shares during the period. Finally, Atomic Invest LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 35.0% in the second quarter. Atomic Invest LLC now owns 2,844 shares of the company’s stock valued at $67,000 after purchasing an additional 737 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY opened at $22.43 on Tuesday. The stock’s 50-day moving average is $22.81 and its 200-day moving average is $23.29. The company has a market cap of $11.74 billion, a P/E ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.32 and a 52-week high of $23.86.

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.