Envestnet Portfolio Solutions Inc. Grows Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Envestnet Portfolio Solutions Inc. increased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 392.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 339,932 shares of the company’s stock after buying an additional 270,927 shares during the period. Envestnet Portfolio Solutions Inc. owned about 0.08% of SPDR Portfolio High Yield Bond ETF worth $8,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 171.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after buying an additional 778 shares in the last quarter. Fourth Dimension Wealth LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 89.2% during the third quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after buying an additional 633 shares in the last quarter. Allworth Financial LP boosted its holdings in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 100.5% during the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after buying an additional 1,114 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth about $67,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.39 on Thursday. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The stock’s fifty day moving average is $23.39 and its two-hundred day moving average is $23.59.

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.