SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw an uptick in trading volume on Thursday . 7,393,938 shares were traded during trading, an increase of 109% from the previous session’s volume of 3,545,595 shares.The stock last traded at $23.80 and had previously closed at $23.83.

SPDR Portfolio High Yield Bond ETF Stock Down 0.2 %

The firm’s fifty day moving average price is $23.77 and its 200 day moving average price is $23.60. The stock has a market cap of $4.83 billion, a PE ratio of 3.97 and a beta of 0.34.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its position in SPDR Portfolio High Yield Bond ETF by 4.0% during the first quarter. Comerica Bank now owns 25,636 shares of the company’s stock valued at $601,000 after acquiring an additional 989 shares during the last quarter. Iowa State Bank grew its position in shares of SPDR Portfolio High Yield Bond ETF by 4.0% in the second quarter. Iowa State Bank now owns 128,101 shares of the company’s stock valued at $2,976,000 after purchasing an additional 4,905 shares during the period. NewSquare Capital LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 2.4% in the 2nd quarter. NewSquare Capital LLC now owns 426,741 shares of the company’s stock valued at $9,913,000 after buying an additional 9,942 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 4.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 690,144 shares of the company’s stock worth $16,032,000 after buying an additional 28,685 shares in the last quarter. Finally, Strategic Blueprint LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 33.1% during the second quarter. Strategic Blueprint LLC now owns 17,041 shares of the company’s stock valued at $396,000 after acquiring an additional 4,234 shares during 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.