Ariadne Wealth Management LP Purchases 907 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Ariadne Wealth Management LP lifted its position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,363 shares of the company’s stock after purchasing an additional 907 shares during the period. Ariadne Wealth Management LP’s holdings in SPDR Portfolio High Yield Bond ETF were worth $293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPHY. Providence First Trust Co bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at approximately $47,000. OLD Point Trust & Financial Services N A purchased a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $57,000. AdvisorNet Financial Inc grew its stake in SPDR Portfolio High Yield Bond ETF by 18.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after purchasing an additional 447 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at $86,000. Finally, Investment Research & Advisory Group Inc. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 9,964.4% during the 4th quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock worth $106,000 after purchasing an additional 4,484 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

SPHY opened at $23.60 on Tuesday. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.82 and a fifty-two week high of $24.07. The firm has a 50-day moving average of $23.67 and a 200 day moving average of $23.71. The firm has a market cap of $7.76 billion, a P/E ratio of 59.88 and a beta of 0.47.

SPDR Portfolio High Yield Bond ETF Company 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.