SVB Wealth LLC Invests $292,000 in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

SVB Wealth LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,450 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds have also modified their holdings of the business. Confluence Investment Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth $11,518,000. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock worth $5,395,000 after purchasing an additional 198,457 shares during the period. Constant Guidance Financial LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 278.6% during the fourth quarter. Constant Guidance Financial LLC now owns 99,014 shares of the company’s stock worth $2,324,000 after purchasing an additional 72,864 shares during the period. Iowa State Bank lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 17.1% during the fourth quarter. Iowa State Bank now owns 432,819 shares of the company’s stock worth $10,158,000 after purchasing an additional 63,296 shares during the period. Finally, Hilltop Partners LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 7.2% in the fourth quarter. Hilltop Partners LLC now owns 749,842 shares of the company’s stock valued at $17,599,000 after acquiring an additional 50,366 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.65 on Thursday. SPDR Portfolio High Yield Bond ETF has a one year low of $22.82 and a one year high of $24.07. The business has a fifty day moving average of $23.67 and a two-hundred day moving average of $23.73. The company has a market cap of $7.26 billion, a P/E ratio of 60.70 and a beta of 0.46.

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.