SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw an uptick in trading volume on Tuesday . 6,444,267 shares traded hands during trading, an increase of 122% from the previous session’s volume of 2,900,360 shares.The stock last traded at $23.28 and had previously closed at $23.24.

SPDR Portfolio High Yield Bond ETF Price Performance

The business has a 50-day simple moving average of $23.22 and a two-hundred day simple moving average of $23.09. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 3.94 and a beta of 0.34.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 3.4% during the fourth quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 28,404 shares of the company’s stock valued at $664,000 after purchasing an additional 939 shares during the last quarter. Ameriprise Financial Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 154.0% in the third quarter. Ameriprise Financial Inc. now owns 2,470,927 shares of the company’s stock valued at $55,530,000 after purchasing an additional 1,498,074 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at approximately $170,000. Foster & Motley Inc. increased its holdings in SPDR Portfolio High Yield Bond ETF by 4.9% in the fourth quarter. Foster & Motley Inc. now owns 65,620 shares of the company’s stock worth $1,534,000 after buying an additional 3,053 shares during the last quarter. Finally, Iowa State Bank raised its position in SPDR Portfolio High Yield Bond ETF by 5.8% during the fourth quarter. Iowa State Bank now owns 103,603 shares of the company’s stock valued at $2,422,000 after acquiring an additional 5,700 shares in the last quarter.

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.