Madden Advisory Services Inc. Grows Stake in SPDR Portfolio High Yield Bond ETF $SPHY

Madden Advisory Services Inc. lifted its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 40.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,350 shares of the company’s stock after acquiring an additional 4,454 shares during the period. Madden Advisory Services Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $365,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $250,000. Next Level Wealth Planning LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 25.1% in the 2nd quarter. Next Level Wealth Planning LLC now owns 14,625 shares of the company’s stock worth $348,000 after acquiring an additional 2,938 shares in the last quarter. Iowa State Bank raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1.5% in the 2nd quarter. Iowa State Bank now owns 547,338 shares of the company’s stock worth $13,027,000 after acquiring an additional 8,308 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $20,056,000. Finally, Appleton Partners Inc. MA raised its position in shares of SPDR Portfolio High Yield Bond ETF by 1.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 126,845 shares of the company’s stock worth $3,019,000 after acquiring an additional 1,857 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SPHY opened at $23.80 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99. The firm has a market capitalization of $9.48 billion, a P/E ratio of 7.31 and a beta of 0.42. The stock has a 50 day moving average price of $23.79 and a 200-day moving average price of $23.51.

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.