SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase – Should You Buy?

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw unusually-strong trading volume on Thursday. Approximately 16,575,178 shares traded hands during trading, an increase of 186% from the previous session’s volume of 5,805,583 shares. The stock last traded at $22.4750 and had previously closed at $22.59.

SPDR Portfolio High Yield Bond ETF Trading Down 0.6%

The business has a 50-day moving average of $23.14 and a 200 day moving average of $23.30. The firm has a market capitalization of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38.

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 SPHY. TMB Capital Partners LLC bought a new position in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at $561,000. World Investment Advisors lifted its position in SPDR Portfolio High Yield Bond ETF by 76.6% in the 4th quarter. World Investment Advisors now owns 58,762 shares of the company’s stock worth $1,391,000 after buying an additional 25,483 shares during the last quarter. Impact Partnership Wealth LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 90.7% in the first quarter. Impact Partnership Wealth LLC now owns 330,375 shares of the company’s stock worth $7,704,000 after buying an additional 157,099 shares in the last quarter. HF Advisory Group LLC grew its position in SPDR Portfolio High Yield Bond ETF by 10.5% during the second quarter. HF Advisory Group LLC now owns 253,222 shares of the company’s stock valued at $5,936,000 after acquiring an additional 24,023 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 409.5% during the first quarter. Janney Montgomery Scott LLC now owns 168,018 shares of the company’s stock worth $3,918,000 after acquiring an additional 135,044 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.