Truist Financial Corp Purchases 46,661 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Truist Financial Corp lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 640,595 shares of the company’s stock after purchasing an additional 46,661 shares during the period. Truist Financial Corp owned about 0.15% of SPDR Portfolio High Yield Bond ETF worth $15,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPHY. Index Fund Advisors Inc. increased its holdings in SPDR Portfolio High Yield Bond ETF by 0.9% during the third quarter. Index Fund Advisors Inc. now owns 47,243 shares of the company’s stock valued at $1,131,000 after buying an additional 421 shares during the last quarter. Inscription Capital LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 1.5% in the 3rd quarter. Inscription Capital LLC now owns 29,907 shares of the company’s stock worth $716,000 after purchasing an additional 454 shares during the period. Bank of Montreal Can raised its holdings in SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Bank of Montreal Can now owns 10,180 shares of the company’s stock worth $242,000 after purchasing an additional 525 shares during the period. Trilogy Capital Inc. lifted its position in SPDR Portfolio High Yield Bond ETF by 2.0% during the third quarter. Trilogy Capital Inc. now owns 29,075 shares of the company’s stock valued at $696,000 after purchasing an additional 570 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 3.5% during the third quarter. Investment Research & Advisory Group Inc. now owns 17,308 shares of the company’s stock valued at $414,000 after purchasing an additional 590 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

Shares of SPHY opened at $23.82 on Friday. The business has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $23.74. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

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.