SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw strong trading volume on Wednesday . 5,034,452 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 4,283,133 shares.The stock last traded at $23.55 and had previously closed at $23.59.

SPDR Portfolio High Yield Bond ETF Trading Down 0.4 %

The business’s fifty day moving average price is $23.67 and its 200 day moving average price is $23.71. The company has a market capitalization of $7.73 billion, a P/E ratio of 59.88 and a beta of 0.47.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA increased its stake in SPDR Portfolio High Yield Bond ETF by 61.8% in the third quarter. Private Trust Co. NA now owns 4,755 shares of the company’s stock valued at $114,000 after purchasing an additional 1,817 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in SPDR Portfolio High Yield Bond ETF in the third quarter valued at about $365,000. IHT Wealth Management LLC acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the third quarter worth about $655,000. Continuum Advisory LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 4.1% during the 3rd quarter. Continuum Advisory LLC now owns 29,528 shares of the company’s stock valued at $700,000 after purchasing an additional 1,162 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of SPDR Portfolio High Yield Bond ETF by 767.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock valued at $5,395,000 after purchasing an additional 198,457 shares during the period.

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.