Smith Salley Wealth Management Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Smith Salley Wealth Management purchased a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the first quarter, HoldingsChannel.com reports. The fund purchased 181,746 shares of the company’s stock, valued at approximately $4,238,000.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in SPDR Portfolio High Yield Bond ETF by 10.5% during the third quarter. Bank of America Corp DE now owns 44,649,901 shares of the company’s stock valued at $1,068,919,000 after acquiring an additional 4,256,596 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $85,587,000. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 34.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after purchasing an additional 2,232,954 shares during the period. Franklin Resources Inc. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 148,527.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,093,895 shares of the company’s stock valued at $26,188,000 after purchasing an additional 1,093,159 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 8,673.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,070,300 shares of the company’s stock valued at $25,334,000 after purchasing an additional 1,058,100 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.44 on Monday. The stock has a market cap of $10.50 billion, a P/E ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $23.02 and a fifty-two week high of $23.99. The firm’s fifty day moving average price is $23.44 and its 200-day moving average price is $23.55.

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.