SPDR Portfolio High Yield Bond ETF $SPHY Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) by 18.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 593,934 shares of the company’s stock after selling 133,460 shares during the quarter. Truist Financial Corp owned approximately 0.16% of SPDR Portfolio High Yield Bond ETF worth $14,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHY. Cranbrook Wealth Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $26,000. ORG Partners LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the first quarter worth approximately $26,000. Parallel Advisors LLC purchased a new position in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at $29,000. Golden State Wealth Management LLC grew its position in SPDR Portfolio High Yield Bond ETF by 193.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,415 shares of the company’s stock valued at $33,000 after buying an additional 932 shares during the last quarter. Finally, Centennial Bank AR purchased a new position in SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at $34,000.

SPDR Portfolio High Yield Bond ETF Price Performance

NYSEARCA:SPHY opened at $23.81 on Friday. The firm’s fifty day moving average price is $23.79 and its 200 day moving average price is $23.51. SPDR Portfolio High Yield Bond ETF has a 1-year low of $22.21 and a 1-year high of $23.99. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 7.31 and a beta of 0.42.

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.