Municipal Employees Retirement System of Michigan Increases Position in SPDR Portfolio High Yield Bond ETF $SPHY

Municipal Employees Retirement System of Michigan boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,000,856 shares of the company’s stock after purchasing an additional 46,531 shares during the period. SPDR Portfolio High Yield Bond ETF makes up 1.6% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 15th largest holding. Municipal Employees Retirement System of Michigan’s holdings in SPDR Portfolio High Yield Bond ETF were worth $142,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its position in SPDR Portfolio High Yield Bond ETF by 171.4% during 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 last quarter. Fourth Dimension Wealth LLC grew its position in SPDR Portfolio High Yield Bond ETF by 89.2% during the 3rd quarter. Fourth Dimension Wealth LLC now owns 1,343 shares of the company’s stock worth $32,000 after purchasing an additional 633 shares during the last quarter. Allworth Financial LP grew its position in SPDR Portfolio High Yield Bond ETF by 1,098.9% during the 3rd quarter. Allworth Financial LP now owns 2,182 shares of the company’s stock worth $52,000 after purchasing an additional 2,000 shares during the last quarter. Golden State Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF by 100.5% during the 3rd quarter. Golden State Wealth Management LLC now owns 2,222 shares of the company’s stock worth $53,000 after purchasing an additional 1,114 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $67,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.41 on Friday. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99. The company has a market capitalization of $10.48 billion, a P/E ratio of 7.31 and a beta of 0.38. The company’s fifty day moving average is $23.39 and its two-hundred day moving average is $23.58.

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.