Horizon Investments LLC Boosts Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Horizon Investments LLC boosted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 49.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292,992 shares of the company’s stock after acquiring an additional 96,931 shares during the period. Horizon Investments LLC owned 0.14% of SPDR Portfolio High Yield Bond ETF worth $6,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its position in shares of SPDR Portfolio High Yield Bond ETF by 4.0% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 1,287,376 shares of the company’s stock valued at $30,215,000 after buying an additional 49,100 shares during the period. Kohmann Bosshard Financial Services LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 4.3% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 865,052 shares of the company’s stock valued at $20,303,000 after purchasing an additional 35,907 shares in the last quarter. Hilltop Partners LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 7.2% in the fourth quarter. Hilltop Partners LLC now owns 749,842 shares of the company’s stock worth $17,599,000 after purchasing an additional 50,366 shares during the period. Farther Finance Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 63.3% in the fourth quarter. Farther Finance Advisors LLC now owns 704,070 shares of the company’s stock worth $16,525,000 after purchasing an additional 272,892 shares in the last quarter. Finally, BlueStem Wealth Partners LLC purchased a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at $12,571,000.

SPDR Portfolio High Yield Bond ETF Trading Up 0.2 %

Shares of NYSEARCA:SPHY opened at $23.47 on Tuesday. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 59.88 and a beta of 0.47. SPDR Portfolio High Yield Bond ETF has a 12-month low of $22.82 and a 12-month high of $24.07. The stock has a fifty day simple moving average of $23.66 and a two-hundred day simple moving average of $23.72.

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.