SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 12-Month Low – Here’s Why

by · The Markets Daily

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $22.92 and last traded at $22.92, with a volume of 7991116 shares trading hands. The stock had previously closed at $22.97.

SPDR Portfolio High Yield Bond ETF Price Performance

The company has a market capitalization of $12.00 billion, a P/E ratio of 7.31 and a beta of 0.38. The company’s 50-day moving average price is $23.23 and its two-hundred day moving average price is $23.34.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC lifted its position in SPDR Portfolio High Yield Bond ETF by 7.7% during the second quarter. Capital Analysts LLC now owns 2,566,978 shares of the company’s stock worth $60,170,000 after acquiring an additional 183,732 shares during the last quarter. RFG Advisory LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 12.8% in the second quarter. RFG Advisory LLC now owns 237,138 shares of the company’s stock valued at $5,559,000 after purchasing an additional 26,921 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 26.4% in the second quarter. NewEdge Advisors LLC now owns 334,333 shares of the company’s stock valued at $7,837,000 after purchasing an additional 69,852 shares during the last quarter. IFP Advisors Inc increased its stake in shares of SPDR Portfolio High Yield Bond ETF by 15.4% during the second quarter. IFP Advisors Inc now owns 202,937 shares of the company’s stock worth $4,757,000 after purchasing an additional 27,029 shares during the period. Finally, XY Planning Network Inc. bought a new position in shares of SPDR Portfolio High Yield Bond ETF during the second quarter worth approximately $264,000.

About SPDR Portfolio High Yield Bond ETF

(Get Free Report)

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.

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