Janney Montgomery Scott LLC Has $317,000 Stock Position in SPDR Portfolio High Yield Bond ETF $SPHY

Janney Montgomery Scott LLC trimmed its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 97.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,329 shares of the company’s stock after selling 429,483 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cranbrook Wealth Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth about $26,000. ORG Partners LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the first quarter worth about $26,000. Parallel Advisors LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the second quarter worth about $29,000. Golden State Wealth Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 193.0% in the first quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock worth $33,000 after purchasing an additional 932 shares in the last quarter. Finally, Centennial Bank AR purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the first quarter worth approximately $34,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.78 on Monday. The company has a 50 day simple moving average of $23.80 and a 200-day simple moving average of $23.53. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.21 and a 52-week high of $23.99.

SPDR Portfolio High Yield Bond ETF Company 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.