Farther Finance Advisors LLC Acquires 158,959 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Farther Finance Advisors LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 58.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,178 shares of the company’s stock after purchasing an additional 158,959 shares during the quarter. Farther Finance Advisors LLC owned 0.21% of SPDR Portfolio High Yield Bond ETF worth $10,370,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth about $111,000. Cullen Frost Bankers Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth approximately $120,000. Massmutual Trust Co. FSB ADV boosted its holdings 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 buying an additional 5,570 shares during the last quarter. NBC Securities Inc. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 8.0% in the third quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock valued at $232,000 after buying an additional 718 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in SPDR Portfolio High Yield Bond ETF during the second quarter worth $241,000.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of SPHY opened at $23.52 on Friday. The firm has a 50-day moving average of $23.81 and a 200-day moving average of $23.47. The company has a market cap of $4.77 billion, a PE ratio of 3.97 and a beta of 0.34. SPDR Portfolio High Yield Bond ETF has a one year low of $22.21 and a one year high of $24.07.

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.