S&A Financial Services Inc. Invests $9.97 Million in SPDR Portfolio High Yield Bond ETF $SPHY

S&A Financial Services Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 427,383 shares of the company’s stock, valued at approximately $9,967,000. SPDR Portfolio High Yield Bond ETF comprises about 6.8% of S&A Financial Services Inc.’s holdings, making the stock its 2nd largest position. S&A Financial Services Inc. owned 0.10% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Investments LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 5.3% in the 4th quarter. PFG Investments LLC now owns 8,808 shares of the company’s stock worth $208,000 after acquiring an additional 440 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 0.4% in the 4th quarter. MCF Advisors LLC now owns 119,148 shares of the company’s stock valued at $2,820,000 after purchasing an additional 509 shares during the period. BlueStem Wealth Partners LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 4.6% during the 4th quarter. BlueStem Wealth Partners LLC now owns 12,246 shares of the company’s stock valued at $290,000 after purchasing an additional 540 shares in the last quarter. Laurel Oak Wealth Management LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 4.9% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 13,152 shares of the company’s stock valued at $307,000 after purchasing an additional 609 shares in the last quarter. Finally, Portland Financial Advisors Inc grew its stake in SPDR Portfolio High Yield Bond ETF by 3.1% during the fourth quarter. Portland Financial Advisors Inc now owns 20,286 shares of the company’s stock worth $480,000 after purchasing an additional 618 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.27 on Monday. The company has a market cap of $11.67 billion, a P/E ratio of 7.31 and a beta of 0.38. The stock has a 50 day simple moving average of $23.35 and a two-hundred day simple moving average of $23.47. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week 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.