Northeast Financial Group Inc. Acquires 232,162 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Northeast Financial Group Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 1,616.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 246,526 shares of the company’s stock after acquiring an additional 232,162 shares during the period. SPDR Portfolio High Yield Bond ETF makes up about 1.5% of Northeast Financial Group Inc.’s holdings, making the stock its 23rd largest holding. Northeast Financial Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $5,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after acquiring an additional 745 shares in the last quarter. Stephens Inc. AR boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.8% during the 2nd quarter. Stephens Inc. AR now owns 80,839 shares of the company’s stock valued at $1,924,000 after purchasing an additional 609 shares during the last quarter. Whittier Trust Co. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 612.9% during the second quarter. Whittier Trust Co. now owns 38,995 shares of the company’s stock valued at $928,000 after purchasing an additional 33,525 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.4% in the second quarter. Exencial Wealth Advisors LLC now owns 58,871 shares of the company’s stock worth $1,401,000 after purchasing an additional 2,455 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 44.8% in the second quarter. OLD Point Trust & Financial Services N A now owns 50,447 shares of the company’s stock worth $1,201,000 after purchasing an additional 15,611 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.0%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.76 on Friday. The firm has a market cap of $10.51 billion, a PE ratio of 7.31 and a beta of 0.39. The stock has a 50 day moving average of $23.73 and a 200 day moving average of $23.75. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99.

SPDR Portfolio High Yield Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1379 per share. 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.