Atlas Private Wealth Advisors Decreases Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Atlas Private Wealth Advisors trimmed its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 46.3% in the third quarter, HoldingsChannel reports. The fund owned 395,229 shares of the company’s stock after selling 341,148 shares during the period. SPDR Portfolio High Yield Bond ETF makes up 2.3% of Atlas Private Wealth Advisors’ investment portfolio, making the stock its 16th biggest position. Atlas Private Wealth Advisors’ holdings in SPDR Portfolio High Yield Bond ETF were worth $9,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHY. Newbridge Financial Services Group Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 171.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,232 shares of the company’s stock worth $29,000 after purchasing an additional 778 shares during the period. Alaska Permanent Capital Management LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after buying an additional 1,310 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth about $50,000. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 100.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock valued at $53,000 after acquiring an additional 1,114 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 22.8% in the 3rd quarter. CoreCap Advisors LLC now owns 3,381 shares of the company’s stock valued at $81,000 after acquiring an additional 628 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY stock opened at $23.82 on Friday. The business has a 50-day moving average of $23.74 and a 200 day moving average of $23.74. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The stock has a market capitalization of $10.51 billion, a PE ratio of 7.31 and a beta of 0.39.

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.