BTS Asset Management Inc. Has $1.11 Million Stock Holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

BTS Asset Management Inc. lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 122.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,109 shares of the company’s stock after purchasing an additional 25,899 shares during the period. SPDR Portfolio High Yield Bond ETF comprises approximately 1.1% of BTS Asset Management Inc.’s holdings, making the stock its 5th biggest position. BTS Asset Management Inc.’s holdings in SPDR Portfolio High Yield Bond ETF were worth $1,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its stake in shares of 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 worth $68,000 after purchasing an additional 447 shares in the last quarter. Private Trust Co. NA raised its position in shares of SPDR Portfolio High Yield Bond ETF by 61.8% during the 3rd quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after purchasing an additional 1,817 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake 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 buying an additional 5,570 shares in the last quarter. NBC Securities Inc. boosted its holdings 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 buying an additional 718 shares during the period. Finally, Pinnacle Bancorp Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 25.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 11,990 shares of the company’s stock worth $288,000 after buying an additional 2,470 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Up 0.2 %

Shares of SPDR Portfolio High Yield Bond ETF stock opened at $23.72 on Friday. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.82 and a 52 week high of $24.07. The stock’s 50-day simple moving average is $23.66 and its 200-day simple moving average is $23.65. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 3.97 and a beta of 0.34.

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.