Vise Technologies Inc. Purchases New Shares in SPDR Portfolio High Yield Bond ETF $SPHY

Vise Technologies Inc. bought a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,778 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Ameriprise Financial Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 24.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,186,133 shares of the company’s stock worth $191,695,000 after buying an additional 1,587,936 shares during the last quarter. Grimes & Company Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at approximately $166,945,000. Municipal Employees Retirement System of Michigan grew 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 valued at $139,451,000 after acquiring an additional 4,666,949 shares during the period. Cornerstone Enterprises LLC increased its stake 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 during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 58.4% in 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 during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY stock opened at $23.56 on Tuesday. The stock has a fifty day moving average of $23.79 and a 200-day moving average of $23.65. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.21 and a fifty-two week high of $23.99. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of 7.31 and a beta of 0.39.

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.