Cumberland Partners Ltd Takes Position in SPDR Portfolio High Yield Bond ETF $SPHY

Cumberland Partners Ltd acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,410 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also made changes to their positions in SPHY. Ameriprise Financial Inc. lifted its holdings in 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 valued at $191,695,000 after buying an additional 1,587,936 shares in the last quarter. Grimes & Company Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter valued at about $166,945,000. Municipal Employees Retirement System of Michigan boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 362.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 5,954,325 shares of the company’s stock valued at $139,451,000 after buying an additional 4,666,949 shares in the last quarter. Cornerstone Enterprises LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 1.7% in the 2nd quarter. Cornerstone Enterprises LLC now owns 1,714,236 shares of the company’s stock worth $40,799,000 after buying an additional 29,303 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 acquiring an additional 500,938 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.0%

NYSEARCA:SPHY opened at $23.55 on Friday. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.21 and a 52 week high of $23.99. The firm has a 50 day moving average of $23.77 and a 200 day moving average of $23.65.

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.