Cahill Financial Advisors Inc. Cuts Stock Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Cahill Financial Advisors Inc. cut its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 51.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 46,095 shares of the company’s stock after selling 49,068 shares during the period. Cahill Financial Advisors Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,109,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPHY. Ashton Thomas Private Wealth LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the second quarter valued at approximately $111,000. Cullen Frost Bankers Inc. purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $120,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 625.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock valued at $155,000 after purchasing an additional 5,570 shares during the last quarter. NBC Securities Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 8.0% in the 3rd quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock worth $232,000 after purchasing an additional 718 shares during the period. Finally, Lynx Investment Advisory purchased a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth $241,000.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0 %

NYSEARCA SPHY opened at $23.77 on Friday. The company has a 50-day simple moving average of $23.81 and a two-hundred day simple moving average of $23.54. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.71 and a 12-month high of $24.07. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 3.97 and a beta of 0.34.

SPDR Portfolio High Yield Bond ETF 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.