Avior Wealth Management LLC Reduces Stock Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Avior Wealth Management LLC reduced its holdings in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 23.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,258 shares of the company’s stock after selling 18,441 shares during the period. Avior Wealth Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,391,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Appleton Partners Inc. MA boosted its stake in SPDR Portfolio High Yield Bond ETF by 2.1% during the 3rd quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock valued at $2,804,000 after acquiring an additional 2,397 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 625.8% in 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 in the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 25.9% during the third quarter. Pinnacle Bancorp Inc. now owns 11,990 shares of the company’s stock worth $288,000 after purchasing an additional 2,470 shares during the last quarter. Worth Asset Management LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth about $505,000. Finally, Iowa State Bank grew its stake in SPDR Portfolio High Yield Bond ETF by 188.5% in the third quarter. Iowa State Bank now owns 369,523 shares of the company’s stock worth $8,887,000 after purchasing an additional 241,422 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.1 %

Shares of NYSEARCA SPHY opened at $23.77 on Friday. The stock’s 50 day moving average price is $23.66 and its two-hundred day moving average price is $23.67. SPDR Portfolio High Yield Bond ETF has a 52-week low of $22.82 and a 52-week high of $24.07. The stock has a market capitalization of $4.82 billion, a P/E ratio of 3.97 and a beta of 0.34.

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.