SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $23.60 and last traded at $23.58, with a volume of 109060 shares. The stock had previously closed at $23.57.
SPDR Portfolio High Yield Bond ETF Stock Performance
The stock has a market cap of $4.80 billion, a PE ratio of 3.97 and a beta of 0.34. The company’s 50-day moving average price is $23.35 and its 200 day moving average price is $23.28.
Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF
A number of hedge funds have recently modified their holdings of the business. Bogart Wealth LLC boosted its stake in SPDR Portfolio High Yield Bond ETF by 59.5% during the first quarter. Bogart Wealth LLC now owns 2,510 shares of the company’s stock worth $59,000 after buying an additional 936 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF during the 2nd quarter worth approximately $111,000. Cullen Frost Bankers Inc. acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 2nd quarter valued at approximately $120,000. Sunbelt Securities Inc. purchased a new stake in SPDR Portfolio High Yield Bond ETF in the first quarter valued at approximately $161,000. Finally, NBC Securities Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. NBC Securities Inc. now owns 8,538 shares of the company’s stock worth $199,000 after purchasing an additional 932 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.
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