NewSquare Capital LLC Sells 4,884 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

NewSquare Capital LLC cut its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,232 shares of the company’s stock after selling 4,884 shares during the period. NewSquare Capital LLC’s holdings in SPDR Portfolio High Yield Bond ETF were worth $10,450,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlueStem Wealth Partners LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $12,571,000. Confluence Investment Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter worth approximately $11,518,000. JPMorgan Chase & Co. increased its holdings in SPDR Portfolio High Yield Bond ETF by 767.6% in the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock worth $5,395,000 after purchasing an additional 198,457 shares in the last quarter. Constant Guidance Financial LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 278.6% in the fourth quarter. Constant Guidance Financial LLC now owns 99,014 shares of the company’s stock valued at $2,324,000 after buying an additional 72,864 shares during the period. Finally, Iowa State Bank boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 17.1% during the 4th quarter. Iowa State Bank now owns 432,819 shares of the company’s stock worth $10,158,000 after buying an additional 63,296 shares in the last quarter.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1 %

Shares of SPHY stock opened at $23.63 on Wednesday. SPDR Portfolio High Yield Bond ETF has a 52 week low of $22.82 and a 52 week high of $24.07. The firm has a 50 day moving average of $23.67 and a 200-day moving average of $23.73. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 60.70 and a beta of 0.46.

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.