SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Stake Lessened by Mechanics Financial Corp

Mechanics Financial Corp trimmed its position in SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,122 shares of the company’s stock after selling 873 shares during the period. SPDR Portfolio High Yield Bond ETF makes up about 1.1% of Mechanics Financial Corp’s portfolio, making the stock its 16th largest holding. Mechanics Financial Corp’s holdings in SPDR Portfolio High Yield Bond ETF were worth $2,491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPHY. JPMorgan Chase & Co. grew its holdings 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 worth $5,395,000 after acquiring an additional 198,457 shares during the period. Janney Montgomery Scott LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $200,000. AdvisorNet Financial Inc boosted its holdings in SPDR Portfolio High Yield Bond ETF by 18.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after buying an additional 447 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter worth approximately $1,007,000. Finally, OLD Point Trust & Financial Services N A bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $57,000.

SPDR Portfolio High Yield Bond ETF Stock Down 0.1 %

SPHY opened at $23.41 on Friday. The business has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $23.71. The firm has a market cap of $7.70 billion, a PE ratio of 59.88 and a beta of 0.47. SPDR Portfolio High Yield Bond ETF has a fifty-two week low of $22.82 and a fifty-two week 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.