SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 28.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,417 shares of the company’s stock after selling 42,288 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,500,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.4% in the 2nd quarter. Sei Investments Co. now owns 16,769,188 shares of the company’s stock valued at $399,112,000 after buying an additional 859,566 shares during the period. Vantagepoint Investment Advisers LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 1.3% during the third quarter. Vantagepoint Investment Advisers LLC now owns 7,564,670 shares of the company’s stock worth $181,098,000 after buying an additional 95,000 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.7% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,200,554 shares of the company’s stock worth $172,381,000 after buying an additional 186,060 shares during the period. US Bancorp DE raised its holdings in SPDR Portfolio High Yield Bond ETF by 9.5% in the third quarter. US Bancorp DE now owns 5,669,418 shares of the company’s stock valued at $135,726,000 after acquiring an additional 493,819 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio High Yield Bond ETF by 19.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,675,220 shares of the company’s stock valued at $87,985,000 after acquiring an additional 602,997 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.4%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.36 on Monday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The company has a market capitalization of $10.33 billion, a P/E ratio of 7.31 and a beta of 0.39. The company has a 50 day moving average of $23.72 and a 200 day moving average of $23.74.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1396 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Monday, March 2nd. This is a positive change from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14.

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.