SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw unusually-high trading volume on Thursday. Approximately 16,575,178 shares changed hands during mid-day trading, an increase of 186% from the previous session’s volume of 5,805,583 shares. The stock last traded at $22.4750 and had previously closed at $22.59.

SPDR Portfolio High Yield Bond ETF Price Performance

The firm’s 50 day moving average is $23.11 and its two-hundred day moving average is $23.29. The firm has a market capitalization of $11.64 billion, a P/E ratio of 7.31 and a beta of 0.38.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 54.7% in the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock valued at $41,000 after buying an additional 623 shares during the period. Brown Lisle Cummings Inc. boosted its stake 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 worth $48,000 after acquiring an additional 1,910 shares during the period. Atomic Invest LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 35.0% during the 2nd quarter. Atomic Invest LLC now owns 2,844 shares of the company’s stock worth $67,000 after acquiring an additional 737 shares during the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth approximately $91,000. Finally, Waverly Advisors LLC bought a new stake in SPDR Portfolio High Yield Bond ETF in the 1st quarter valued at $99,000.

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.