Mirae Asset Global Investments Co. Ltd. Purchases New Shares in SPDR Portfolio High Yield Bond ETF $SPHY

Mirae Asset Global Investments Co. Ltd. acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,000 shares of the company’s stock, valued at approximately $678,000.

Other hedge funds have also modified their holdings of the company. Sei Investments Co. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after acquiring an additional 1,061,796 shares during the last quarter. State of Wyoming bought a new stake in SPDR Portfolio High Yield Bond ETF in the third quarter worth $371,291,000. Vantagepoint Investment Advisers LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the third quarter worth $171,715,000. Envestnet Asset Management Inc. increased its position in SPDR Portfolio High Yield Bond ETF by 37.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock worth $163,658,000 after purchasing an additional 1,903,466 shares during the last quarter. Finally, Ocean Park Asset Management LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 53.4% during the second 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 in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $22.53 on Monday. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.32 and a 52-week high of $23.86. The firm’s fifty day moving average is $22.74 and its 200 day moving average is $23.26. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 7.31 and a beta of 0.40.

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.