OLD Point Trust & Financial Services N A Acquires 15,611 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

OLD Point Trust & Financial Services N A boosted its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 44.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,447 shares of the company’s stock after purchasing an additional 15,611 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,201,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 24.1% in the first 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. Grimes & Company Inc. bought a new position in SPDR Portfolio High Yield Bond ETF in the second quarter worth $166,945,000. Municipal Employees Retirement System of Michigan raised its holdings in SPDR Portfolio High Yield Bond ETF by 362.5% in the first 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. Cornerstone Enterprises LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 1.7% in the second quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock worth $40,799,000 after purchasing an additional 29,303 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 58.4% in the second quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after purchasing an additional 500,938 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.2%

SPHY opened at $23.76 on Thursday. The stock has a fifty day simple moving average of $23.81 and a two-hundred day simple moving average of $23.54. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month 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.