Donoghue Forlines LLC Cuts Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Donoghue Forlines LLC decreased its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 8.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,249,580 shares of the company’s stock after selling 111,397 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for approximately 8.5% of Donoghue Forlines LLC’s holdings, making the stock its 2nd largest position. Donoghue Forlines LLC owned approximately 0.32% of SPDR Portfolio High Yield Bond ETF worth $29,740,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cranbrook Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter worth about $26,000. Parallel Advisors LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $29,000. Alaska Permanent Capital Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 10,916.7% in the 2nd quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock worth $31,000 after acquiring an additional 1,310 shares during the period. Grove Bank & Trust acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $46,000. Finally, Fifth Third Bancorp bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $50,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.59 on Friday. The stock has a market cap of $9.95 billion, a PE ratio of 7.31 and a beta of 0.39. The business’s fifty day moving average is $23.80 and its 200-day moving average is $23.64. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year 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.