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

iA Global Asset Management Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 550,000 shares of the company’s stock, valued at approximately $12,909,000. iA Global Asset Management Inc. owned approximately 0.27% of SPDR Portfolio High Yield Bond ETF at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SPHY. Providence First Trust Co bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $47,000. AdvisorNet Financial Inc grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after acquiring an additional 447 shares in the last quarter. Bank of Jackson Hole Trust bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $86,000. Investment Research & Advisory Group Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 9,964.4% in the 4th quarter. Investment Research & Advisory Group Inc. now owns 4,529 shares of the company’s stock valued at $106,000 after acquiring an additional 4,484 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 61.8% in the 3rd quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after acquiring an additional 1,817 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Price Performance

Shares of NYSEARCA SPHY opened at $23.58 on Thursday. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 59.88 and a beta of 0.47. The business has a 50-day moving average of $23.66 and a 200-day moving average of $23.72. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.82 and a fifty-two week high of $24.07.

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.