SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 1-Year Low – Here’s What Happened

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.02 and last traded at $23.0450, with a volume of 556232 shares changing hands. The stock had previously closed at $23.11.

SPDR Portfolio High Yield Bond ETF Trading Down 0.3%

The firm has a market cap of $11.51 billion, a PE ratio of 7.31 and a beta of 0.38. The company has a 50 day moving average price of $23.27 and a 200 day moving average price of $23.37.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPHY. MCF Advisors LLC raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 0.4% during the 4th quarter. MCF Advisors LLC now owns 119,148 shares of the company’s stock worth $2,820,000 after buying an additional 509 shares during the last quarter. BlueStem Wealth Partners LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 4.6% during the 4th quarter. BlueStem Wealth Partners LLC now owns 12,246 shares of the company’s stock valued at $290,000 after acquiring an additional 540 shares in the last quarter. Laurel Oak Wealth Management LLC increased its holdings in SPDR Portfolio High Yield Bond ETF by 4.9% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 13,152 shares of the company’s stock valued at $307,000 after acquiring an additional 609 shares in the last quarter. Portland Financial Advisors Inc raised its position in SPDR Portfolio High Yield Bond ETF by 3.1% during the fourth quarter. Portland Financial Advisors Inc now owns 20,286 shares of the company’s stock worth $480,000 after acquiring an additional 618 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 54.7% during the first quarter. Physician Wealth Advisors Inc. now owns 1,762 shares of the company’s stock worth $41,000 after acquiring an additional 623 shares during 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.