Kensington Asset Management LLC boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,261,605 shares of the company’s stock after purchasing an additional 90,675 shares during the quarter. SPDR Portfolio High Yield Bond ETF comprises about 4.0% of Kensington Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Kensington Asset Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $77,267,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 171.4% during the second 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 last quarter. IFC & Insurance Marketing Inc. bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at $38,000. Smartleaf Asset Management LLC increased its position in SPDR Portfolio High Yield Bond ETF by 301.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,680 shares of the company’s stock valued at $40,000 after acquiring an additional 1,262 shares during the last quarter. Allworth Financial LP increased its position in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the third quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock valued at $52,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at $53,000.
SPDR Portfolio High Yield Bond ETF Stock Up 0.0%
SPHY stock opened at $23.41 on Friday. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The firm’s fifty day simple moving average is $23.43 and its two-hundred day simple moving average is $23.56.
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.
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