SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Hits New 1-Year High at $23.91

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.91 and last traded at $23.90, with a volume of 1592922 shares. The stock had previously closed at $23.83.

SPDR Portfolio High Yield Bond ETF Price Performance

The business’s 50 day moving average is $23.59 and its 200-day moving average is $23.35. The company has a market cap of $4.85 billion, a PE ratio of 3.97 and a beta of 0.34.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Godshalk Welsh Capital Management Inc. raised its position in SPDR Portfolio High Yield Bond ETF by 2.9% in the 2nd quarter. Godshalk Welsh Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $418,000 after purchasing an additional 500 shares during the last quarter. WCG Wealth Advisors LLC increased its stake in SPDR Portfolio High Yield Bond ETF by 24.0% in the second quarter. WCG Wealth Advisors LLC now owns 50,452 shares of the company’s stock valued at $1,172,000 after purchasing an additional 9,760 shares during the period. One Capital Management LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 1.5% in the second quarter. One Capital Management LLC now owns 668,117 shares of the company’s stock valued at $15,520,000 after buying an additional 9,996 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth about $111,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth about $120,000.

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.