Appleton Partners Inc. MA Increases Holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Appleton Partners Inc. MA lifted its holdings in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 120,319 shares of the company’s stock after buying an additional 3,721 shares during the quarter. Appleton Partners Inc. MA’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,824,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Pinnacle Bancorp Inc. boosted its stake in SPDR Portfolio High Yield Bond ETF by 25.9% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 11,990 shares of the company’s stock worth $288,000 after purchasing an additional 2,470 shares during the period. Worth Asset Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the third quarter worth $505,000. Iowa State Bank boosted its position in shares of 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 worth $8,887,000 after acquiring an additional 241,422 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 13.6% during the third quarter. Fiduciary Alliance LLC now owns 73,259 shares of the company’s stock worth $1,762,000 after acquiring an additional 8,794 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 8.0% during the third quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock valued at $232,000 after acquiring an additional 718 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.3 %

Shares of SPHY stock opened at $23.65 on Friday. The company’s fifty day simple moving average is $23.65 and its two-hundred day simple moving average is $23.70. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.82 and a 52 week high of $24.07. The stock has a market cap of $4.80 billion, a P/E ratio of 3.97 and a beta of 0.34.

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.