23,541 Shares in SPDR Portfolio High Yield Bond ETF $SPHY Bought by Gambit Capital Management LLC

Gambit Capital Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 23,541 shares of the company’s stock, valued at approximately $557,000.

Other institutional investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 171.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock valued at $29,000 after acquiring an additional 778 shares during the period. Fourth Dimension Wealth LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 89.2% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after acquiring an additional 633 shares during the period. Allworth Financial LP raised its stake in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after acquiring an additional 2,000 shares during the period. Golden State Wealth Management LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 100.5% during the third quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth approximately $67,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY stock opened at $23.29 on Tuesday. The stock has a fifty day simple moving average of $23.39 and a two-hundred day simple moving average of $23.59. The firm has a market capitalization of $10.43 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 52-week low of $23.02 and a 52-week high of $23.99.

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.