SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw unusually-high trading volume on Wednesday . Approximately 2,137,397 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 2,885,258 shares.The stock last traded at $23.38 and had previously closed at $23.27.

SPDR Portfolio High Yield Bond ETF Stock Performance

The business’s 50-day moving average is $23.30 and its two-hundred day moving average is $23.27. The firm has a market capitalization 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 and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 690,144 shares of the company’s stock worth $16,032,000 after purchasing an additional 28,685 shares during the period. Hilltop Partners LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.5% in the second quarter. Hilltop Partners LLC now owns 659,735 shares of the company’s stock valued at $15,326,000 after buying an additional 129,795 shares during the period. NewSquare Capital LLC grew its position in SPDR Portfolio High Yield Bond ETF by 2.4% during the second quarter. NewSquare Capital LLC now owns 426,741 shares of the company’s stock worth $9,913,000 after buying an additional 9,942 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SPDR Portfolio High Yield Bond ETF by 42.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 272,219 shares of the company’s stock valued at $6,272,000 after acquiring an additional 80,943 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1,174.1% during the 4th quarter. Avior Wealth Management LLC now owns 222,415 shares of the company’s stock worth $5,200,000 after purchasing an additional 204,959 shares in the last quarter.

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.