Kingswood Wealth Advisors LLC Sells 26,840 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Kingswood Wealth Advisors LLC decreased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 62.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,435 shares of the company’s stock after selling 26,840 shares during the period. Kingswood Wealth Advisors LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPHY. Bright Futures Wealth Management LLC. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 3.1% in the 3rd quarter. Bright Futures Wealth Management LLC. now owns 16,217 shares of the company’s stock valued at $366,000 after acquiring an additional 486 shares during the last quarter. Simplicity Wealth LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 7.1% in the 3rd quarter. Simplicity Wealth LLC now owns 298,661 shares of the company’s stock worth $6,747,000 after purchasing an additional 19,871 shares during the period. Carolina Wealth Advisors LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 5.9% during the third quarter. Carolina Wealth Advisors LLC now owns 447,412 shares of the company’s stock worth $10,107,000 after buying an additional 24,860 shares in the last quarter. Lantern Wealth Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.8% in the third quarter. Lantern Wealth Advisors LLC now owns 96,114 shares of the company’s stock valued at $2,171,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Rede Wealth LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 9.8% during the 3rd quarter. Rede Wealth LLC now owns 73,047 shares of the company’s stock worth $1,650,000 after buying an additional 6,531 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.2%

NYSEARCA:SPHY opened at $22.60 on Friday. The firm has a fifty day simple moving average of $22.82 and a 200 day simple moving average of $23.29. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.32 and a 1-year high of $23.86. The stock has a market capitalization of $11.84 billion, a PE 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.