BTS Asset Management Inc. Makes New Investment in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)
by Teresa Graham · The Cerbat GemBTS Asset Management Inc. bought a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,210 shares of the company’s stock, valued at approximately $510,000. SPDR Portfolio High Yield Bond ETF accounts for approximately 0.5% of BTS Asset Management Inc.’s investment portfolio, making the stock its 11th largest holding.
Other large investors have also modified their holdings of the company. Appleton Partners Inc. MA lifted its position in SPDR Portfolio High Yield Bond ETF by 2.1% in the third quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock valued at $2,804,000 after purchasing an additional 2,397 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 625.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock valued at $155,000 after buying an additional 5,570 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the second quarter valued at approximately $120,000. Sunbelt Securities Inc. purchased a new position in SPDR Portfolio High Yield Bond ETF in the first quarter worth $161,000. Finally, Arkadios Wealth Advisors acquired a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at $314,000.
SPDR Portfolio High Yield Bond ETF Stock Performance
Shares of NYSEARCA SPHY opened at $23.68 on Thursday. SPDR Portfolio High Yield Bond ETF has a one year low of $21.90 and a one year high of $24.07. The firm has a market capitalization of $4.80 billion, a P/E ratio of 3.97 and a beta of 0.34. The company’s fifty day moving average is $23.81 and its two-hundred day moving average is $23.44.
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.
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