State of New Jersey Common Pension Fund D Sells 600,000 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

State of New Jersey Common Pension Fund D cut its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 15.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,316,858 shares of the company’s stock after selling 600,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.86% of SPDR Portfolio High Yield Bond ETF worth $78,941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cranbrook Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $26,000. Parallel Advisors LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $29,000. Alaska Permanent Capital Management LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 10,916.7% in the 2nd quarter. Alaska Permanent Capital Management LLC now owns 1,322 shares of the company’s stock valued at $31,000 after acquiring an additional 1,310 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 193.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock worth $33,000 after buying an additional 932 shares in the last quarter. Finally, Centennial Bank AR bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter worth approximately $34,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3%

Shares of SPHY stock opened at $23.87 on Friday. The company has a 50 day moving average of $23.81 and a 200-day moving average of $23.56. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.21 and a 12-month high of $23.99. The firm has a market cap of $10.07 billion, a P/E ratio of 7.31 and a beta of 0.42.

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.