SPDR Portfolio High Yield Bond ETF $SPHY Stake Trimmed by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC cut its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 38.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,017,802 shares of the company’s stock after selling 625,572 shares during the period. SPDR Portfolio High Yield Bond ETF comprises approximately 14.0% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its largest holding. Cornerstone Enterprises LLC owned 0.19% of SPDR Portfolio High Yield Bond ETF worth $22,992,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of SPHY. Walser Wealth Management Company A Ltd Liability Co grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 10.6% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 23,563 shares of the company’s stock worth $532,000 after acquiring an additional 2,267 shares in the last quarter. Moller Wealth Partners purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at about $11,020,000. Martel Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 2.1% in the third quarter. Martel Wealth Advisors LLC now owns 99,535 shares of the company’s stock valued at $2,248,000 after purchasing an additional 2,060 shares during the last quarter. XY Planning Network Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 17.3% during the third quarter. XY Planning Network Inc. now owns 13,186 shares of the company’s stock valued at $298,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 45.9% during the third quarter. Signal Advisors Wealth LLC now owns 13,771 shares of the company’s stock valued at $311,000 after purchasing an additional 4,334 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY opened at $22.53 on Friday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.32 and a fifty-two week high of $23.95. The firm has a market capitalization of $11.83 billion, a P/E ratio of 7.31 and a beta of 0.39. The company’s 50-day moving average is $22.99 and its 200 day moving average is $23.24.

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.