SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw an uptick in trading volume on Wednesday . 2,749,254 shares traded hands during trading, an increase of 2% from the previous session’s volume of 2,689,100 shares.The stock last traded at $22.92 and had previously closed at $22.82.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1 %

The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 3.93 and a beta of 0.33. The stock’s 50 day moving average price is $23.27 and its two-hundred day moving average price is $22.99.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 358.3% in the 1st quarter. Ameriprise Financial Inc. now owns 3,242,622 shares of the company’s stock worth $74,541,000 after buying an additional 2,535,075 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in SPDR Portfolio High Yield Bond ETF by 63.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 797,796 shares of the company’s stock valued at $17,887,000 after purchasing an additional 310,242 shares in the last quarter. One Capital Management LLC purchased a new position in SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $15,541,000. Hilltop Partners LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 29.1% in the 4th quarter. Hilltop Partners LLC now owns 659,139 shares of the company’s stock valued at $15,411,000 after purchasing an additional 148,528 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 1,174.1% in the 4th quarter. Avior Wealth Management LLC now owns 222,415 shares of the company’s stock valued at $5,200,000 after purchasing an additional 204,959 shares in the last quarter.

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.