Ocean Park Asset Management LLC Buys 2,116,024 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Ocean Park Asset Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 53.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,080,823 shares of the company’s stock after purchasing an additional 2,116,024 shares during the period. SPDR Portfolio High Yield Bond ETF makes up 6.9% of Ocean Park Asset Management LLC’s holdings, making the stock its 5th biggest holding. Ocean Park Asset Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $142,534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. lifted its position in SPDR Portfolio High Yield Bond ETF by 5.7% during the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after purchasing an additional 1,061,796 shares during the period. LPL Financial LLC raised its position in shares of SPDR Portfolio High Yield Bond ETF by 12.3% in the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after buying an additional 967,530 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of 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 buying an additional 2,232,954 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the 4th quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock worth $171,527,000 after acquiring an additional 46,030 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 14.8% during the 4th quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock worth $154,106,000 after acquiring an additional 841,165 shares during the period.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1%

NYSEARCA SPHY opened at $23.26 on Wednesday. The firm’s 50 day simple moving average is $23.33 and its 200 day simple moving average is $23.44. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. SPDR Portfolio High Yield Bond ETF has a 1 year low of $23.02 and a 1 year high of $23.99.

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.