Ocean Park Asset Management LLC Purchases 2,116,024 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Ocean Park Asset Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 53.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,080,823 shares of the company’s stock after purchasing an additional 2,116,024 shares during the period. SPDR Portfolio High Yield Bond ETF accounts for approximately 6.9% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Ocean Park Asset Management LLC owned approximately 1.27% of SPDR Portfolio High Yield Bond ETF worth $142,534,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd 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 during the period. IFC & Insurance Marketing Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 301.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after acquiring an additional 1,262 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 54.7% in the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after acquiring an additional 623 shares in the last quarter. Finally, Arax Advisory Partners acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $53,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

NYSEARCA SPHY opened at $23.26 on Wednesday. The firm has a 50-day moving average price of $23.33 and a two-hundred day moving average price of $23.44. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The company has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38.

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.