SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume

Posted by Lauren Steadman on Apr 19th, 2024

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 2,749,254 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 2,689,100 shares.The stock last traded at $22.92 and had previously closed at $22.82.

SPDR Portfolio High Yield Bond ETF Price Performance

The company has a market capitalization of $4.14 billion, a P/E ratio of 3.93 and a beta of 0.33. The stock’s 50 day moving average is $23.27 and its 200-day moving average is $22.99.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPHY. Ameriprise Financial Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 358.3% in the first quarter. Ameriprise Financial Inc. now owns 3,242,622 shares of the company’s stock worth $74,541,000 after purchasing an additional 2,535,075 shares during the period. One Capital Management LLC purchased a new stake in SPDR Portfolio High Yield Bond ETF in the third quarter worth about $15,541,000. Cambridge Investment Research Advisors Inc. grew its holdings in SPDR Portfolio High Yield Bond ETF by 63.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 797,796 shares of the company’s stock worth $17,887,000 after purchasing an additional 310,242 shares during the period. Avior Wealth Management LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 1,174.1% in the fourth quarter. Avior Wealth Management LLC now owns 222,415 shares of the company’s stock worth $5,200,000 after purchasing an additional 204,959 shares during the period. Finally, Hilltop Partners LLC grew its holdings in SPDR Portfolio High Yield Bond ETF by 29.1% in the fourth quarter. Hilltop Partners LLC now owns 659,139 shares of the company’s stock worth $15,411,000 after purchasing an additional 148,528 shares during the period.

SPDR Portfolio High Yield Bond ETF Company Profile

(Get Free Report)

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.