iA Global Asset Management Inc. Acquires New Stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

iA Global Asset Management Inc. acquired a new stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 550,000 shares of the company’s stock, valued at approximately $12,909,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SPHY. Private Trust Co. NA increased its holdings in SPDR Portfolio High Yield Bond ETF by 61.8% in the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after purchasing an additional 1,817 shares during the period. Flow Traders U.S. LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at $365,000. IHT Wealth Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter valued at $655,000. Continuum Advisory LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 4.1% during the third quarter. Continuum Advisory LLC now owns 29,528 shares of the company’s stock valued at $700,000 after acquiring an additional 1,162 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 valued at $5,395,000 after acquiring an additional 198,457 shares during the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.6 %

Shares of SPHY opened at $23.58 on Thursday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 59.88 and a beta of 0.47. The firm’s fifty day simple moving average is $23.66 and its two-hundred day simple moving average is $23.72. SPDR Portfolio High Yield Bond ETF has a 12 month low of $22.82 and a 12 month high of $24.07.

About SPDR Portfolio High Yield Bond ETF

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.