Smith Salley Wealth Management Makes New $4.24 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Smith Salley Wealth Management bought a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 181,746 shares of the company’s stock, valued at approximately $4,238,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after purchasing an additional 4,256,596 shares during the period. Sei Investments Co. grew its holdings in SPDR Portfolio High Yield Bond ETF by 6.3% during the third quarter. Sei Investments Co. now owns 17,822,858 shares of the company’s stock valued at $426,678,000 after purchasing an additional 1,053,670 shares during the period. LPL Financial LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after purchasing an additional 967,530 shares during the period. Ameriprise Financial Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC increased its position in SPDR Portfolio High Yield Bond ETF by 0.6% in the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after buying an additional 46,030 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $23.44 on Monday. The firm has a market cap of $10.50 billion, a PE ratio of 7.31 and a beta of 0.38. The stock’s fifty day moving average price is $23.44 and its two-hundred day moving average price is $23.55. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 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.