OLD Point Trust & Financial Services N A Increases Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

OLD Point Trust & Financial Services N A raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 49.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,202 shares of the company’s stock after buying an additional 24,755 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at about $1,059,000. Ameriprise Financial Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 24.1% during the first quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares during the period. SVB Wealth LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 6.4% in the 1st quarter. SVB Wealth LLC now owns 13,245 shares of the company’s stock valued at $310,000 after purchasing an additional 795 shares during the last quarter. WCG Wealth Advisors LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 12.7% in the 1st quarter. WCG Wealth Advisors LLC now owns 57,045 shares of the company’s stock valued at $1,336,000 after buying an additional 6,449 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock worth $260,000 after buying an additional 745 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.68 on Thursday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $23.99. The firm has a market cap of $9.99 billion, a PE ratio of 7.31 and a beta of 0.39. The firm’s 50 day moving average price is $23.71 and its 200-day moving average price is $23.70.

About SPDR Portfolio High Yield Bond ETF

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.