Farther Finance Advisors LLC Increases Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Farther Finance Advisors LLC grew its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 42.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,219 shares of the company’s stock after purchasing an additional 80,943 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.13% of SPDR Portfolio High Yield Bond ETF worth $6,272,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rogco LP purchased a new stake in SPDR Portfolio High Yield Bond ETF during the first quarter worth approximately $3,124,000. Vantage Financial Partners LLC purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth approximately $936,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 690,144 shares of the company’s stock valued at $16,032,000 after buying an additional 28,685 shares in the last quarter. Iowa State Bank grew its position in shares of SPDR Portfolio High Yield Bond ETF by 18.9% in the 1st quarter. Iowa State Bank now owns 123,196 shares of the company’s stock valued at $2,890,000 after buying an additional 19,593 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at $384,000.

SPDR Portfolio High Yield Bond ETF Price Performance

SPHY remained flat at $23.80 on Friday. 1,808,156 shares of the company were exchanged, compared to its average volume of 2,968,473. SPDR Portfolio High Yield Bond ETF has a 52-week low of $21.80 and a 52-week high of $23.91. The company has a market cap of $4.83 billion, a PE ratio of 3.97 and a beta of 0.34. The stock’s 50-day simple moving average is $23.45 and its 200-day simple moving average is $23.30.

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.