Municipal Employees Retirement System of Michigan Acquires 49,100 Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)

Municipal Employees Retirement System of Michigan lifted its stake in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,287,376 shares of the company’s stock after buying an additional 49,100 shares during the period. SPDR Portfolio High Yield Bond ETF makes up approximately 0.4% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 28th biggest position. Municipal Employees Retirement System of Michigan’s holdings in SPDR Portfolio High Yield Bond ETF were worth $30,215,000 as of its most recent SEC filing.

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

SPDR Portfolio High Yield Bond ETF Price Performance

SPDR Portfolio High Yield Bond ETF stock opened at $23.32 on Friday. The business has a 50 day moving average of $23.67 and a 200-day moving average of $23.72. The company has a market capitalization of $7.67 billion, a P/E ratio of 59.88 and a beta of 0.47. SPDR Portfolio High Yield Bond ETF has a 1 year low of $22.82 and a 1 year high of $24.07.

SPDR Portfolio High Yield Bond ETF Company 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.