Brown Financial Advisory Has $1 Million Stock Holdings in SPDR Portfolio High Yield Bond ETF $SPHY

Brown Financial Advisory grew its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,148 shares of the company’s stock after buying an additional 2,700 shares during the quarter. SPDR Portfolio High Yield Bond ETF accounts for approximately 0.6% of Brown Financial Advisory’s holdings, making the stock its 17th biggest holding. Brown Financial Advisory’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,003,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPHY. Ameriprise Financial Inc. increased its position in shares of SPDR Portfolio High Yield Bond ETF by 24.1% during the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after purchasing an additional 1,587,936 shares in the last quarter. Grimes & Company Inc. acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $166,945,000. Municipal Employees Retirement System of Michigan increased its position in shares of SPDR Portfolio High Yield Bond ETF by 362.5% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock worth $139,451,000 after purchasing an additional 4,666,949 shares in the last quarter. Cornerstone Enterprises LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 1.7% during the 2nd quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock worth $40,799,000 after purchasing an additional 29,303 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 58.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,358,931 shares of the company’s stock worth $32,342,000 after purchasing an additional 500,938 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.70 on Wednesday. The stock has a market capitalization of $9.54 billion, a P/E ratio of 7.31 and a beta of 0.42. The company has a 50-day simple moving average of $23.80 and a 200 day simple moving average of $23.52. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99.

About SPDR Portfolio High Yield Bond ETF

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.