The Manufacturers Life Insurance Company Reduces Stake in SPDR Portfolio High Yield Bond ETF $SPHY

The Manufacturers Life Insurance Company lowered its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Free Report) by 80.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,127 shares of the company’s stock after selling 806,634 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SPDR Portfolio High Yield Bond ETF were worth $4,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPHY. Integrated Wealth Concepts LLC increased its position in shares of SPDR Portfolio High Yield Bond ETF by 7.2% during the first quarter. Integrated Wealth Concepts LLC now owns 11,115 shares of the company’s stock valued at $260,000 after buying an additional 745 shares during the period. NewEdge Advisors LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.5% in the second quarter. NewEdge Advisors LLC now owns 340,238 shares of the company’s stock valued at $8,098,000 after acquiring an additional 17,658 shares during the period. EP Wealth Advisors LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 71.2% in the second quarter. EP Wealth Advisors LLC now owns 10,094 shares of the company’s stock valued at $240,000 after acquiring an additional 4,198 shares during the period. IHT Wealth Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 5.3% during the second quarter. IHT Wealth Management LLC now owns 68,781 shares of the company’s stock valued at $1,637,000 after acquiring an additional 3,481 shares in the last quarter. Finally, Modern Wealth Management LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 82.8% during the second quarter. Modern Wealth Management LLC now owns 147,017 shares of the company’s stock valued at $3,499,000 after acquiring an additional 66,581 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.00 on Monday. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.99 and a 1-year high of $23.99. The firm has a market capitalization of $11.50 billion, a PE ratio of 7.31 and a beta of 0.38. The firm’s 50 day simple moving average is $23.26 and its 200 day simple moving average is $23.36.

About SPDR Portfolio High Yield Bond ETF

(Free Report)

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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