SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Strong Trading Volume

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw unusually-strong trading volume on Friday . Approximately 9,349,566 shares traded hands during trading, an increase of 697% from the previous session’s volume of 1,173,353 shares.The stock last traded at $22.62 and had previously closed at $22.60.

SPDR Portfolio High Yield Bond ETF Stock Up 0.2 %

The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 49.31 and a beta of 0.42. The stock has a 50 day moving average price of $22.31 and a 200 day moving average price of $22.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at $52,000. Cary Street Partners Investment Advisory LLC boosted its position in SPDR Portfolio High Yield Bond ETF by 1,648.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 3,497 shares of the company’s stock valued at $78,000 after acquiring an additional 3,297 shares during the last quarter. US Bancorp DE grew its holdings in SPDR Portfolio High Yield Bond ETF by 4,984.0% during the 1st quarter. US Bancorp DE now owns 5,084 shares of the company’s stock worth $117,000 after acquiring an additional 4,984 shares during the period. Retirement Group LLC bought a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter worth about $133,000. Finally, NBC Securities Inc. acquired a new position in shares of SPDR Portfolio High Yield Bond ETF in the 3rd quarter valued at about $170,000.

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.