Good Steward Wealth Advisors LLC Purchases Shares of 32,667 SPDR Portfolio High Yield Bond ETF $SPHY

Good Steward Wealth Advisors LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 32,667 shares of the company’s stock, valued at approximately $777,000.

Several other institutional investors have also added to or reduced their stakes in SPHY. Vantagepoint Investment Advisers LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 1st quarter worth $171,137,000. Municipal Employees Retirement System of Michigan raised its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after purchasing an additional 4,666,949 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 24.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares in the last quarter. Madison Asset Management LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 111.6% in the 1st quarter. Madison Asset Management LLC now owns 944,127 shares of the company’s stock worth $22,111,000 after purchasing an additional 498,025 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 81.0% in the 1st quarter. iA Global Asset Management Inc. now owns 995,570 shares of the company’s stock worth $23,316,000 after purchasing an additional 445,570 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA SPHY opened at $23.87 on Friday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $24.07. The firm has a market capitalization of $9.21 billion, a PE ratio of 7.31 and a beta of 0.42. The firm has a fifty day simple moving average of $23.71 and a two-hundred day simple moving average of $23.47.

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.