42,911 Shares in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 4th quarter, Holdings Channel reports. The fund purchased 42,911 shares of the company’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its position in shares of SPDR Portfolio High Yield Bond ETF by 18.2% in the fourth 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 last quarter. Bank of Jackson Hole Trust bought a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $86,000. Investment Research & Advisory Group Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 9,964.4% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock valued at $106,000 after purchasing an additional 4,484 shares during the period. Private Trust Co. NA grew its holdings in SPDR Portfolio High Yield Bond ETF by 61.8% in the 3rd quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after buying an additional 1,817 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $200,000.

SPDR Portfolio High Yield Bond ETF Stock Performance

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

SPDR Portfolio High Yield Bond ETF 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.