SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 12-Month High at $23.60

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $23.60 and last traded at $23.35, with a volume of 1957225 shares traded. The stock had previously closed at $23.28.

SPDR Portfolio High Yield Bond ETF Stock Performance

The business has a fifty day moving average of $23.22 and a two-hundred day moving average of $23.26. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 3.97 and a beta of 0.34.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Hedge funds have recently made changes to their positions in the business. Avior Wealth Management LLC raised its position in SPDR Portfolio High Yield Bond ETF by 1,174.1% in the fourth 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 during the period. Rogco LP purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the first quarter worth about $3,124,000. Appleton Partners Inc. MA purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter worth about $2,465,000. Constant Guidance Financial LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter worth about $2,342,000. Finally, Vantage Financial Partners LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter worth about $936,000.

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.