SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase – Here’s Why

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw unusually-strong trading volume on Thursday . Approximately 8,619,836 shares traded hands during mid-day 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 Stock Up 0.1 %

The stock has a market cap of $4.81 billion, a P/E ratio of 3.97 and a beta of 0.34. The company’s 50 day moving average price is $23.66 and its 200-day moving average price is $23.65.

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 stock. AdvisorNet Financial Inc boosted its holdings in SPDR Portfolio High Yield Bond ETF by 18.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after acquiring an additional 447 shares during the last quarter. Godshalk Welsh Capital Management Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.9% in the 2nd quarter. Godshalk Welsh Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $418,000 after purchasing an additional 500 shares during the period. NBC Securities Inc. boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 8.0% during the 3rd quarter. NBC Securities Inc. now owns 9,670 shares of the company’s stock valued at $232,000 after purchasing an additional 718 shares in the last quarter. Continuum Advisory LLC grew its stake in SPDR Portfolio High Yield Bond ETF by 4.1% during the third quarter. Continuum Advisory LLC now owns 29,528 shares of the company’s stock worth $700,000 after purchasing an additional 1,162 shares during the period. Finally, Private Trust Co. NA increased its holdings in 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 worth $114,000 after purchasing an additional 1,817 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.