SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Cornerstone Enterprises LLC

Cornerstone Enterprises LLC trimmed its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 38.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,017,802 shares of the company’s stock after selling 625,572 shares during the period. SPDR Portfolio High Yield Bond ETF makes up 14.0% of Cornerstone Enterprises LLC’s investment portfolio, making the stock its largest position. Cornerstone Enterprises LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $22,992,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. boosted its position in SPDR Portfolio High Yield Bond ETF by 5.7% in 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 last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 37.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock valued at $163,658,000 after purchasing an additional 1,903,466 shares during the period. Ocean Park Asset Management LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 53.4% during the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock valued at $142,534,000 after purchasing an additional 2,116,024 shares during the last quarter. Cetera Investment Advisers increased its position in shares of SPDR Portfolio High Yield Bond ETF by 68.1% during the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock valued at $82,932,000 after purchasing an additional 1,441,014 shares during the last quarter. Finally, NEOS Investment Management LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at $69,777,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $22.53 on Friday. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a one year low of $22.32 and a one year high of $23.95. The business’s fifty day moving average is $22.99 and its 200-day moving average is $23.24.

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.