SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Strong Trading Volume – Time to Buy?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw unusually-strong trading volume on Thursday . Approximately 8,619,836 shares changed hands during trading, an increase of 94% from the previous session’s volume of 4,448,881 shares.The stock last traded at $23.67 and had previously closed at $23.65.

SPDR Portfolio High Yield Bond ETF Price Performance

The stock has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $23.65. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 3.97 and a beta of 0.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. WCG Wealth Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.0% in the second quarter. WCG Wealth Advisors LLC now owns 50,452 shares of the company’s stock worth $1,172,000 after buying an additional 9,760 shares in the last quarter. Godshalk Welsh Capital Management Inc. increased its position in shares of SPDR Portfolio High Yield Bond ETF by 2.9% during the second quarter. Godshalk Welsh Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $418,000 after acquiring an additional 500 shares during the last quarter. Appleton Partners Inc. MA raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.1% in the 3rd quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock valued at $2,804,000 after acquiring an additional 2,397 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 625.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock worth $155,000 after acquiring an additional 5,570 shares during the last quarter. Finally, Pinnacle Bancorp Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 25.9% in the third quarter. Pinnacle Bancorp Inc. now owns 11,990 shares of the company’s stock valued at $288,000 after purchasing an additional 2,470 shares during the period.

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.