Conning Inc. Grows Position in SPDR Portfolio High Yield Bond ETF $SPHY

Conning Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 82.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,023,746 shares of the company’s stock after purchasing an additional 463,548 shares during the period. Conning Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $23,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 10.5% during the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after buying an additional 4,256,596 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth approximately $85,587,000. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 34.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after acquiring an additional 2,232,954 shares during the period. Franklin Resources Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 148,527.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after acquiring an additional 1,093,159 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in SPDR Portfolio High Yield Bond ETF by 8,673.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,070,300 shares of the company’s stock valued at $25,334,000 after acquiring an additional 1,058,100 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

SPHY stock opened at $23.33 on Friday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The business’s fifty day simple moving average is $23.39 and its two-hundred day simple moving average is $23.52.

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.