SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase – Time to Buy?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw strong trading volume on Friday . 5,307,448 shares traded hands during trading, an increase of 52% from the previous session’s volume of 3,482,812 shares.The stock last traded at $23.79 and had previously closed at $23.76.

SPDR Portfolio High Yield Bond ETF Stock Performance

The stock has a 50-day simple moving average of $23.81 and a 200 day simple moving average of $23.54. The stock has a market capitalization of $4.82 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

Hedge funds have recently added to or reduced their stakes in the company. Appleton Partners Inc. MA boosted its stake in 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 valued at $2,804,000 after acquiring an additional 2,397 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 625.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock valued at $155,000 after purchasing an additional 5,570 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 2nd quarter worth $120,000. Farther Finance Advisors LLC grew its stake in shares of 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 worth $10,370,000 after purchasing an additional 158,959 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in SPDR Portfolio High Yield Bond ETF in the second quarter valued at about $314,000.

SPDR Portfolio High Yield Bond ETF Company Profile

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.