Envestnet Portfolio Solutions Inc. Raises Position in SPDR Portfolio High Yield Bond ETF $SPHY

Envestnet Portfolio Solutions Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 392.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,932 shares of the company’s stock after acquiring an additional 270,927 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $8,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Gambit Capital Management LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at about $557,000. Spectrum Strategic Capital Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $241,000. Stephens Inc. AR boosted its holdings in SPDR Portfolio High Yield Bond ETF by 24.2% in the fourth quarter. Stephens Inc. AR now owns 153,550 shares of the company’s stock valued at $3,635,000 after acquiring an additional 29,942 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Portfolio High Yield Bond ETF by 58.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 188,227 shares of the company’s stock worth $4,455,000 after acquiring an additional 69,505 shares during the period. Finally, Donoghue Forlines LLC increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 161.0% in the 4th quarter. Donoghue Forlines LLC now owns 1,084,667 shares of the company’s stock valued at $25,674,000 after acquiring an additional 669,055 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.39 on Thursday. The firm has a market cap of $10.47 billion, a P/E ratio of 7.31 and a beta of 0.38. The firm’s 50 day moving average price is $23.39 and its two-hundred day moving average price is $23.59. SPDR Portfolio High Yield Bond ETF has a twelve month low of $23.02 and a twelve month high of $23.99.

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.