SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 52-Week High at $24.08

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $24.08 and last traded at $24.08, with a volume of 525 shares. The stock had previously closed at $23.97.

SPDR Portfolio High Yield Bond ETF Stock Performance

The business has a 50 day simple moving average of $23.64 and a two-hundred day simple moving average of $23.37. The firm has a market capitalization of $4.87 billion, a P/E ratio of 3.97 and a beta of 0.34.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

A number of institutional investors have recently made changes to their positions in SPHY. Vantage Financial Partners LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter worth $936,000. Appleton Partners Inc. MA lifted its stake in SPDR Portfolio High Yield Bond ETF by 3.4% during the first quarter. Appleton Partners Inc. MA now owns 109,045 shares of the company’s stock worth $2,558,000 after purchasing an additional 3,623 shares during the last quarter. Exchange Bank boosted its holdings in shares of 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. Sunbelt Securities Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the 1st quarter valued at about $161,000. Finally, Fiduciary Alliance LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 40.4% during the 1st quarter. Fiduciary Alliance LLC now owns 49,501 shares of the company’s stock valued at $1,150,000 after buying an additional 14,255 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.