EverSource Wealth Advisors LLC Invests $168,000 in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

EverSource Wealth Advisors LLC acquired a new position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,148 shares of the company’s stock, valued at approximately $168,000.

Other institutional investors have also made changes to their positions in the company. Providence First Trust Co bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $47,000. AdvisorNet Financial Inc lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 18.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after purchasing an additional 447 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth $86,000. Investment Research & Advisory Group Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 9,964.4% during the fourth quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock worth $106,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Private Trust Co. NA raised its position in SPDR Portfolio High Yield Bond ETF by 61.8% during the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock worth $114,000 after acquiring an additional 1,817 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Trading Up 0.5 %

NYSEARCA SPHY opened at $23.43 on Monday. The firm’s fifty day moving average price is $23.67 and its two-hundred day moving average price is $23.72. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.82 and a 1 year high of $24.07. The firm has a market capitalization of $7.71 billion, a P/E ratio of 59.88 and a beta of 0.47.

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.