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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw strong trading volume on Thursday . 7,393,938 shares traded hands during mid-day 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 Performance

The firm has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $23.60. The firm has a market cap of $4.81 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Trust Co. NA boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 61.8% in the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after buying an additional 1,817 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth $111,000. Cullen Frost Bankers Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at about $120,000. Massmutual Trust Co. FSB ADV increased 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 valued at $155,000 after purchasing an additional 5,570 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 8.0% in the third quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock valued at $232,000 after purchasing an additional 718 shares during the period.

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.