SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Reaches New 52-Week Low – Should You Sell?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.92 and last traded at $22.9250, with a volume of 787250 shares. The stock had previously closed at $23.03.

SPDR Portfolio High Yield Bond ETF Price Performance

The firm has a market capitalization of $11.93 billion, a P/E ratio of 7.31 and a beta of 0.38. The firm’s 50 day moving average is $23.21 and its two-hundred day moving average is $23.33.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

Hedge funds have recently made changes to their positions in the business. Physician Wealth Advisors Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 54.7% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after acquiring an additional 623 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 1,232.3% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,065 shares of the company’s stock valued at $48,000 after acquiring an additional 1,910 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth $91,000. Waverly Advisors LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter worth $99,000. Finally, Silver Grove Financial Group Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the fourth quarter worth $101,000.

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.