Vantagepoint Investment Advisers LLC Buys 162,350 Shares of SPDR Portfolio High Yield Bond ETF $SPHY

Vantagepoint Investment Advisers LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,469,670 shares of the company’s stock after buying an additional 162,350 shares during the quarter. SPDR Portfolio High Yield Bond ETF makes up 17.8% of Vantagepoint Investment Advisers LLC’s holdings, making the stock its 4th largest holding. Vantagepoint Investment Advisers LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $177,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Cranbrook Wealth Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $26,000. Parallel Advisors LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the second quarter worth about $29,000. Alaska Permanent Capital Management LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 10,916.7% during the second 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 during the period. Grove Bank & Trust acquired a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at approximately $46,000. Finally, Fifth Third Bancorp bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth approximately $50,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.0%

Shares of NYSEARCA:SPHY opened at $23.73 on Friday. The firm has a market capitalization of $10.01 billion, a PE ratio of 7.31 and a beta of 0.39. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The business’s 50 day moving average is $23.73 and its 200-day moving average is $23.68.

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.