Northwestern Mutual Wealth Management Co. Buys 52,594 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Northwestern Mutual Wealth Management Co. raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 44.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,316 shares of the company’s stock after purchasing an additional 52,594 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Foundations Investment Advisors LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 49.5% in the fourth quarter. Foundations Investment Advisors LLC now owns 259,558 shares of the company’s stock valued at $6,144,000 after purchasing an additional 85,915 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 180.9% in the fourth quarter. Kingsview Wealth Management LLC now owns 71,489 shares of the company’s stock valued at $1,692,000 after purchasing an additional 46,043 shares in the last quarter. Flputnam Investment Management Co. bought a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $231,000. Collaborative Wealth Managment Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 7.7% in the fourth quarter. Collaborative Wealth Managment Inc. now owns 20,127 shares of the company’s stock valued at $476,000 after purchasing an additional 1,440 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $468,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1%

SPHY stock opened at $23.36 on Friday. The business has a 50 day moving average price of $23.42 and a two-hundred day moving average price of $23.57. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99.

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.