Shepherd Financial Partners LLC Makes New $1.08 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Shepherd Financial Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 47,763 shares of the company’s stock, valued at approximately $1,079,000.

Several other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 26.4% during the 2nd quarter. NewEdge Advisors LLC now owns 334,333 shares of the company’s stock worth $7,837,000 after acquiring an additional 69,852 shares in the last quarter. HF Advisory Group LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 10.5% during the 2nd quarter. HF Advisory Group LLC now owns 253,222 shares of the company’s stock worth $5,936,000 after acquiring an additional 24,023 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at about $570,000. Tenet Wealth Partners LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at about $1,052,000. Finally, Flagship Harbor Advisors LLC increased its position in SPDR Portfolio High Yield Bond ETF by 20.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 136,861 shares of the company’s stock valued at $3,092,000 after purchasing an additional 23,075 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $22.53 on Monday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.32 and a one year high of $23.86. The firm has a market cap of $11.92 billion, a P/E ratio of 7.31 and a beta of 0.40. The firm has a 50-day simple moving average of $22.74 and a 200-day simple moving average of $23.26.

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.