Northeast Financial Group Inc. Increases Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Northeast Financial Group Inc. raised its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 429,967 shares of the company’s stock after acquiring an additional 109,480 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up approximately 2.5% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 14th largest position. Northeast Financial Group Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $10,028,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Sei Investments Co. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after purchasing an additional 1,061,796 shares during the period. LPL Financial LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 12.3% in the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after purchasing an additional 967,530 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after buying an additional 46,030 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in SPDR Portfolio High Yield Bond ETF by 14.8% during the fourth quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock worth $154,106,000 after buying an additional 841,165 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.18 on Monday. The firm has a market cap of $11.52 billion, a PE ratio of 7.31 and a beta of 0.38. The firm’s fifty day moving average is $23.37 and its 200 day moving average is $23.49. SPDR Portfolio High Yield Bond ETF has a one year low of $23.02 and a one year 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.