Dunhill Financial LLC Sells 34,396 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Dunhill Financial LLC trimmed its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 45.2% during the 3rd quarter, Holdings Channel reports. The firm owned 41,763 shares of the company’s stock after selling 34,396 shares during the quarter. Dunhill Financial LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SPHY. Auour Investments LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 207.7% in the 3rd quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock worth $1,697,000 after purchasing an additional 47,862 shares during the period. GatePass Capital LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 189.9% in the third quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after buying an additional 38,350 shares during the period. Commonwealth Equity Services LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 116.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock valued at $6,806,000 after buying an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 378.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock worth $3,009,000 after acquiring an additional 99,433 shares during the last quarter. Finally, DT Investment Partners LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the third quarter. DT Investment Partners LLC now owns 462,620 shares of the company’s stock valued at $11,075,000 after acquiring an additional 23,589 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Down 0.2%

SPDR Portfolio High Yield Bond ETF stock opened at $23.70 on Friday. The firm has a market cap of $10.48 billion, a P/E 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 has a 50-day moving average of $23.74 and a 200-day moving average of $23.75.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.1379 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date 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.