GRIMES & Co WEALTH MANAGEMENT LLC Increases Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,246,584 shares of the company’s stock after buying an additional 46,030 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 4.1% of GRIMES & Co WEALTH MANAGEMENT LLC’s portfolio, making the stock its 6th biggest position. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $171,527,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPHY. Bank of America Corp DE grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the 3rd quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock worth $1,068,919,000 after buying an additional 4,256,596 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth approximately $85,587,000. Advisors Capital Management LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth approximately $72,441,000. Ameriprise Financial Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock worth $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock worth $26,188,000 after buying an additional 1,093,159 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.3%

SPHY stock opened at $23.40 on Friday. The stock has a market capitalization of $10.48 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 12-month low of $23.02 and a 12-month high of $23.99. The stock’s 50 day simple moving average is $23.42 and its 200 day simple moving average is $23.62.

SPDR Portfolio High Yield Bond ETF 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.