SPDR Portfolio High Yield Bond ETF $SPHY Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 11.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,378,114 shares of the company’s stock after acquiring an additional 341,216 shares during the period. MML Investors Services LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $79,960,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPHY. Bank of America Corp DE raised its position in shares of SPDR Portfolio High Yield Bond ETF by 10.5% in the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after buying an additional 4,256,596 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $85,587,000. Advisors Capital Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $72,441,000. Ameriprise Financial Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after buying an additional 2,232,954 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% in the third quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after buying an additional 1,093,159 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.41 on Monday. The firm has a 50 day simple moving average of $23.43 and a 200-day simple moving average of $23.56. The firm has a market cap of $10.48 billion, a PE ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1-year low of $23.02 and a 1-year high of $23.99.

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.