Bank of Jackson Hole Trust Takes $86,000 Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Bank of Jackson Hole Trust purchased a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,672 shares of the company’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHY. Confluence Investment Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter worth approximately $11,518,000. JPMorgan Chase & Co. grew its stake in 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 worth $5,395,000 after purchasing an additional 198,457 shares during the period. Farther Finance Advisors LLC grew its stake in 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 worth $10,370,000 after purchasing an additional 158,959 shares during the period. Constant Guidance Financial LLC grew its stake in 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 worth $2,324,000 after purchasing an additional 72,864 shares during the period. Finally, Iowa State Bank grew its stake in 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 worth $10,158,000 after purchasing an additional 63,296 shares during the period.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA SPHY opened at $23.75 on Thursday. The business has a 50 day simple moving average of $23.63 and a 200 day simple moving average of $23.71. SPDR Portfolio High Yield Bond ETF has a one year low of $22.82 and a one year high of $24.07. The stock has a market capitalization of $4.82 billion, a P/E 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.