Gladstone Institutional Advisory’s State Street SPDR Portfolio High Yield Bond ETF SPHY Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$2.37M	Buy	101,563 +23,039	+29%	+$544K	0.09%	238
2025 Q4	$1.86M	Sell	78,524 -2,560	-3%	-$60.7K	0.07%	264
2025 Q3	$1.94M	Buy	81,084 +69,386	+593%	+$1.65M	0.07%	252
2025 Q2	$278K	Buy	11,698 +891	+8%	+$20.7K	0.01%	624
2025 Q1	$253K	Sell	10,807 -814	-7%	-$19.2K	0.01%	629
2024 Q4	$273K	Sell	11,621 -792	-6%	-$18.8K	0.01%	617
2024 Q3	$299K	Sell	12,413 -400	-3%	-$9.44K	0.01%	573
2024 Q2	$298K	Buy	12,813 +217	+2%	+$5.03K	0.02%	544
2024 Q1	$296K	Sell	12,596 -1,617	-11%	-$37.7K	0.02%	534
2023 Q4	$332K	Sell	14,213 -100	-0.7%	-$2.26K	0.02%	500
2023 Q3	$321K	Hold	14,313	–	–	0.02%	475
2023 Q2	$327K	Sell	14,313 -318	-2%	-$7.22K	0.02%	506
2023 Q1	$336K	Buy	14,631 +51	+0.3%	+$1.16K	0.02%	493
2022 Q4	$326K	Buy	+14,580	New	+$326K	0.02%	485