SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 12-Month Low – Should You Sell?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $22.21 and last traded at $22.98, with a volume of 12687793 shares traded. The stock had previously closed at $22.40.

SPDR Portfolio High Yield Bond ETF Trading Up 0.3 %

The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 59.85 and a beta of 0.47. The firm’s 50 day moving average is $23.44 and its two-hundred day moving average is $23.62.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Providence First Trust Co acquired a new position in SPDR Portfolio High Yield Bond ETF during the fourth quarter worth approximately $47,000. OLD Point Trust & Financial Services N A acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $57,000. AdvisorNet Financial Inc increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after buying an additional 447 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $86,000. Finally, Ameriflex Group Inc. acquired a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $97,000.

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.