Asset Allocation & Management Company LLC Makes New $18.17 Million Investment in SPDR Portfolio High Yield Bond ETF $SPHY

Asset Allocation & Management Company LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 804,501 shares of the company’s stock, valued at approximately $18,174,000. SPDR Portfolio High Yield Bond ETF makes up about 5.7% of Asset Allocation & Management Company LLC’s investment portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HF Advisory Group LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 10.3% during the 3rd quarter. HF Advisory Group LLC now owns 279,407 shares of the company’s stock worth $6,312,000 after purchasing an additional 26,185 shares during the period. Sound Income Strategies LLC grew its position in SPDR Portfolio High Yield Bond ETF by 0.4% in the third quarter. Sound Income Strategies LLC now owns 371,570 shares of the company’s stock valued at $8,375,000 after acquiring an additional 1,663 shares during the period. Attessa Capital LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth about $214,000. Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.5% during the third quarter. Farther Finance Advisors LLC now owns 642,724 shares of the company’s stock worth $14,519,000 after buying an additional 3,433 shares in the last quarter. Finally, Brighton Securities CORP. raised its position in SPDR Portfolio High Yield Bond ETF by 3.0% in the 3rd quarter. Brighton Securities CORP. now owns 148,872 shares of the company’s stock valued at $3,363,000 after purchasing an additional 4,284 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.4%

SPHY stock traded down $0.09 during trading on Tuesday, hitting $22.50. The company had a trading volume of 1,529,617 shares, compared to its average volume of 5,876,110. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.32 and a 12 month high of $23.95. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The firm has a 50-day moving average price of $23.03 and a 200-day moving average price of $23.26.

SPDR Portfolio High Yield Bond ETF Company 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.