Redwood Investment Management LLC Has $2.43 Million Position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Redwood Investment Management LLC lessened its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 48.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,985 shares of the company’s stock after selling 93,149 shares during the quarter. Redwood Investment Management LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Confluence Investment Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter valued at about $11,518,000. Iowa State Bank raised its position in SPDR Portfolio High Yield Bond ETF by 188.5% during the third quarter. Iowa State Bank now owns 369,523 shares of the company’s stock valued at $8,887,000 after acquiring an additional 241,422 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 valued at $10,370,000 after acquiring an additional 158,959 shares in the last quarter. Hilltop Partners LLC raised its position in SPDR Portfolio High Yield Bond ETF by 24.5% during the second quarter. Hilltop Partners LLC now owns 659,735 shares of the company’s stock valued at $15,326,000 after acquiring an additional 129,795 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 690,144 shares of the company’s stock valued at $16,032,000 after acquiring an additional 28,685 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Performance

Shares of SPHY opened at $23.83 on Thursday. The firm has a market cap of $4.84 billion, a PE ratio of 3.97 and a beta of 0.34. The firm’s 50 day moving average price is $23.79 and its 200 day moving average price is $23.58. SPDR Portfolio High Yield Bond ETF has a twelve month low of $22.82 and a twelve month high of $24.07.

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.