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

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw strong trading volume on Monday . 2,900,608 shares changed hands during trading, a decline of 3% from the previous session’s volume of 2,995,263 shares.The stock last traded at $23.99 and had previously closed at $24.01.

SPDR Portfolio High Yield Bond ETF Stock Performance

The stock has a market capitalization of $4.87 billion, a P/E ratio of 3.97 and a beta of 0.34. The business has a 50 day simple moving average of $23.62 and a 200-day simple moving average of $23.36.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Godshalk Welsh Capital Management Inc. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 2.9% during the 2nd quarter. Godshalk Welsh Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $418,000 after acquiring an additional 500 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 2.4% during the second quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 29,945 shares of the company’s stock valued at $696,000 after purchasing an additional 703 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of SPDR Portfolio High Yield Bond ETF by 59.5% in the 1st quarter. Bogart Wealth LLC now owns 2,510 shares of the company’s stock valued at $59,000 after purchasing an additional 936 shares during the period. Comerica Bank increased its stake in SPDR Portfolio High Yield Bond ETF by 4.0% in the 1st quarter. Comerica Bank now owns 25,636 shares of the company’s stock worth $601,000 after purchasing an additional 989 shares in the last quarter. Finally, Exchange Bank increased its stake in SPDR Portfolio High Yield Bond ETF by 5.0% in the 1st quarter. Exchange Bank now owns 33,739 shares of the company’s stock worth $792,000 after purchasing an additional 1,602 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.