Municipal Employees Retirement System of Michigan Increases Position in SPDR Portfolio High Yield Bond ETF $SPHY

Municipal Employees Retirement System of Michigan raised its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,000,856 shares of the company’s stock after purchasing an additional 46,531 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises 1.6% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 15th biggest position. Municipal Employees Retirement System of Michigan owned 1.36% of SPDR Portfolio High Yield Bond ETF worth $142,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted 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 acquiring an additional 4,256,596 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth approximately $85,587,000. Advisors Capital Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth approximately $72,441,000. Ameriprise Financial Inc. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after acquiring an additional 2,232,954 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of 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 worth $26,188,000 after acquiring an additional 1,093,159 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.41 on Friday. The firm’s 50 day moving average price is $23.39 and its 200-day moving average price is $23.58. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year high of $23.99. The firm has a market cap of $10.48 billion, a P/E ratio of 7.31 and a beta of 0.38.

SPDR Portfolio High Yield Bond ETF Company 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.