334,726 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Bought by SSI Investment Management LLC

SSI Investment Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 334,726 shares of the company’s stock, valued at approximately $7,923,000. SSI Investment Management LLC owned 0.08% of SPDR Portfolio High Yield Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Auour Investments LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 207.7% in the 3rd quarter. Auour Investments LLC now owns 70,906 shares of the company’s stock valued at $1,697,000 after purchasing an additional 47,862 shares during the last quarter. GatePass Capital LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 189.9% during the 3rd quarter. GatePass Capital LLC now owns 58,550 shares of the company’s stock worth $1,402,000 after purchasing an additional 38,350 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 116.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 284,302 shares of the company’s stock worth $6,806,000 after purchasing an additional 153,035 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 378.6% during the third quarter. Concurrent Investment Advisors LLC now owns 125,699 shares of the company’s stock worth $3,009,000 after purchasing an additional 99,433 shares in the last quarter. Finally, 49 Wealth Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF in the third quarter valued at $5,749,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.21 on Friday. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.21 and a 12 month high of $23.99. The firm has a market capitalization of $10.26 billion, a PE ratio of 7.31 and a beta of 0.39. The business’s fifty day moving average price is $23.69 and its 200 day moving average price is $23.73.

SPDR Portfolio High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1396 per share. This is a boost from SPDR Portfolio High Yield Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 7.2%.

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.