Founders Financial Securities LLC Acquires New Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Founders Financial Securities LLC bought a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, HoldingsChannel reports. The institutional investor bought 183,910 shares of the company’s stock, valued at approximately $4,155,000.

A number of other large investors have also recently bought and sold shares of the stock. Bright Futures Wealth Management LLC. increased its position in SPDR Portfolio High Yield Bond ETF by 3.1% during the third quarter. Bright Futures Wealth Management LLC. now owns 16,217 shares of the company’s stock worth $366,000 after buying an additional 486 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 3.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 15,251 shares of the company’s stock valued at $345,000 after purchasing an additional 488 shares during the last quarter. Lynx Investment Advisory raised its stake in SPDR Portfolio High Yield Bond ETF by 3.4% in the 3rd quarter. Lynx Investment Advisory now owns 17,375 shares of the company’s stock valued at $393,000 after purchasing an additional 579 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 54.7% in the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after purchasing an additional 623 shares during the last quarter. Finally, PMG Family Office LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 7.1% in the 3rd quarter. PMG Family Office LLC now owns 11,026 shares of the company’s stock valued at $249,000 after purchasing an additional 729 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Down 0.1%

NYSEARCA:SPHY opened at $22.64 on Friday. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. The company’s 50-day moving average is $22.84 and its two-hundred day moving average is $23.30. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.32 and a 12-month high of $23.86.

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.