Financial Life Advisors Sells 352,716 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Financial Life Advisors trimmed its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 97.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,727 shares of the company’s stock after selling 352,716 shares during the quarter. Financial Life Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in shares of 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 purchasing an additional 46,030 shares during the period. VanderPol Investments L.L.C. increased its holdings in SPDR Portfolio High Yield Bond ETF by 30.5% during the 4th quarter. VanderPol Investments L.L.C. now owns 94,649 shares of the company’s stock valued at $2,240,000 after purchasing an additional 22,145 shares during the period. Truist Financial Corp increased its holdings in SPDR Portfolio High Yield Bond ETF by 5.1% during the 4th quarter. Truist Financial Corp now owns 673,202 shares of the company’s stock valued at $15,935,000 after purchasing an additional 32,607 shares during the period. Stonebridge Financial Planning Group LLC raised its position in SPDR Portfolio High Yield Bond ETF by 15.6% during the 4th quarter. Stonebridge Financial Planning Group LLC now owns 233,574 shares of the company’s stock valued at $5,529,000 after purchasing an additional 31,497 shares during the last quarter. Finally, Gambit Capital Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at approximately $557,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA SPHY opened at $23.35 on Tuesday. The stock has a market cap of $11.67 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The stock has a 50 day simple moving average of $23.31 and a two-hundred day simple moving average of $23.40.

SPDR Portfolio High Yield Bond ETF Company 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.