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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $23.60 and last traded at $23.56, with a volume of 118880 shares traded. The stock had previously closed at $23.50.

SPDR Portfolio High Yield Bond ETF Trading Down 0.2 %

The business has a 50-day moving average of $23.30 and a 200 day moving average of $23.27. The firm has a market capitalization of $4.75 billion, a PE ratio of 3.97 and a beta of 0.34.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Large investors have recently made changes to their positions in the business. Mechanics Financial Corp lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 32.4% during the 2nd quarter. Mechanics Financial Corp now owns 100,312 shares of the company’s stock valued at $2,330,000 after buying an additional 24,565 shares in the last quarter. Hilltop Partners LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.5% during the 2nd 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 42.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 272,219 shares of the company’s stock valued at $6,272,000 after buying an additional 80,943 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter valued at approximately $314,000. Finally, Strategic Blueprint LLC lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 33.1% during the 2nd quarter. Strategic Blueprint LLC now owns 17,041 shares of the company’s stock valued at $396,000 after buying an additional 4,234 shares in 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.