SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Hits New 12-Month High – What’s Next?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares reached a new 52-week high during trading on Friday . The company traded as high as $24.09 and last traded at $23.78, with a volume of 3855 shares traded. The stock had previously closed at $23.77.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1 %

The firm has a market capitalization of $4.83 billion, a P/E ratio of 3.97 and a beta of 0.34. The business’s fifty day moving average is $23.66 and its 200 day moving average is $23.67.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in SPDR Portfolio High Yield Bond ETF by 767.6% during the third quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock valued at $5,395,000 after buying an additional 198,457 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after purchasing an additional 447 shares during the period. Appleton Partners Inc. MA lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 2.1% in the third quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock worth $2,804,000 after purchasing an additional 2,397 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 625.8% during the third quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock worth $155,000 after purchasing an additional 5,570 shares during the period. Finally, Farther Finance Advisors LLC grew its position in SPDR Portfolio High Yield Bond ETF by 58.4% during the third quarter. Farther Finance Advisors LLC now owns 431,178 shares of the company’s stock valued at $10,370,000 after purchasing an additional 158,959 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.