SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume – What’s Next?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw unusually-strong trading volume on Thursday . Approximately 14,952,438 shares traded hands during mid-day trading, an increase of 162% from the previous session’s volume of 5,712,888 shares.The stock last traded at $23.26 and had previously closed at $23.19.

SPDR Portfolio High Yield Bond ETF Stock Up 0.0%

The firm’s 50-day moving average price is $23.35 and its two-hundred day moving average price is $23.47. The firm has a market capitalization of $11.63 billion, a PE ratio of 7.31 and a beta of 0.38.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after purchasing an additional 1,061,796 shares during the period. LPL Financial LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 12.3% in the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after buying an additional 967,530 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 34.6% during the third quarter. Ameriprise Financial Inc. now owns 8,686,741 shares of the company’s stock valued at $207,971,000 after buying an additional 2,232,954 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of SPDR Portfolio High Yield Bond ETF by 0.6% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 7,246,584 shares of the company’s stock valued at $171,527,000 after buying an additional 46,030 shares in the last quarter. Finally, US Bancorp DE raised its position in SPDR Portfolio High Yield Bond ETF by 14.8% during the fourth quarter. US Bancorp DE now owns 6,510,583 shares of the company’s stock valued at $154,106,000 after buying an additional 841,165 shares during the period.

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.