NEOS Investment Management LLC Increases Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

NEOS Investment Management LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,949,097 shares of the company’s stock after acquiring an additional 144,396 shares during the quarter. NEOS Investment Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $46,378,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.4% during the second quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock worth $399,112,000 after buying an additional 859,566 shares during the period. Vantagepoint Investment Advisers LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 1.3% during the 3rd quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock worth $181,098,000 after acquiring an additional 95,000 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 2.7% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock worth $172,381,000 after acquiring an additional 186,060 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock valued at $87,985,000 after acquiring an additional 602,997 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in SPDR Portfolio High Yield Bond ETF by 3.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 3,416,858 shares of the company’s stock valued at $81,800,000 after acquiring an additional 100,000 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA:SPHY opened at $23.74 on Tuesday. The firm has a market capitalization of $10.50 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.21 and a 1 year high of $23.99. The firm’s 50-day moving average is $23.73 and its two-hundred day moving average is $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1379 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.