Independent Financial Group LLC Purchases New Position in SPDR Portfolio High Yield Bond ETF $SPHY

Independent Financial Group LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 42,880 shares of the company’s stock, valued at approximately $1,000,000.

Other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $85,587,000. Ameriprise Financial Inc. boosted its holdings in SPDR Portfolio High Yield Bond ETF by 34.6% in the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after acquiring an additional 2,232,954 shares in the last quarter. Franklin Resources Inc. increased its position in 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 during the period. Steward Partners Investment Advisory LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 8,673.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,070,300 shares of the company’s stock worth $25,334,000 after purchasing an additional 1,058,100 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new position in SPDR Portfolio High Yield Bond ETF in the 4th quarter worth $24,854,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

NYSEARCA:SPHY opened at $23.33 on Tuesday. The company has a 50-day moving average price of $23.38 and a 200-day moving average price of $23.50. SPDR Portfolio High Yield Bond ETF has a 12 month low of $23.02 and a 12 month high of $23.99. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38.

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.