Providence First Trust Co Takes Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Providence First Trust Co purchased a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the 4th quarter, Holdings Channel reports. The firm purchased 2,000 shares of the company’s stock, valued at approximately $47,000.

Other large investors have also modified their holdings of the company. Confluence Investment Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the third quarter valued at approximately $11,518,000. JPMorgan Chase & Co. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock valued at $5,395,000 after buying an additional 198,457 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 58.4% during the third quarter. Farther Finance Advisors LLC now owns 431,178 shares of the company’s stock valued at $10,370,000 after buying an additional 158,959 shares during the period. Constant Guidance Financial LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 278.6% during the fourth quarter. Constant Guidance Financial LLC now owns 99,014 shares of the company’s stock valued at $2,324,000 after buying an additional 72,864 shares during the period. Finally, Iowa State Bank lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 17.1% during the fourth quarter. Iowa State Bank now owns 432,819 shares of the company’s stock valued at $10,158,000 after buying an additional 63,296 shares during the period.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.84 on Friday. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 60.70 and a beta of 0.46. The company’s 50 day simple moving average is $23.66 and its 200 day simple moving average is $23.73. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.82 and a 1 year 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.