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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares reached a new 52-week low on Wednesday . The stock traded as low as $22.92 and last traded at $22.9250, with a volume of 787250 shares. The stock had previously closed at $23.03.

SPDR Portfolio High Yield Bond ETF Stock Down 0.7%

The stock has a market capitalization of $11.93 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The business’s 50 day simple moving average is $23.21 and its 200-day simple moving average is $23.33.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

Several large investors have recently made changes to their positions in SPHY. Sei Investments Co. lifted its position in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the 1st quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after buying an additional 1,061,796 shares during the last quarter. LPL Financial LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after acquiring an additional 967,530 shares in the last quarter. Ocean Park Asset Management LLC lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 53.4% in the second quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock worth $142,534,000 after acquiring an additional 2,116,024 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 68.1% in the first quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock worth $82,932,000 after acquiring an additional 1,441,014 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of SPDR Portfolio High Yield Bond ETF by 11.2% in the 4th quarter. MML Investors Services LLC now owns 3,378,114 shares of the company’s stock valued at $79,960,000 after purchasing an additional 341,216 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.