SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Hits New 12-Month Low – What’s Next?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares hit a new 52-week low on Friday . The company traded as low as $22.69 and last traded at $22.76, with a volume of 1995516 shares changing hands. The stock had previously closed at $23.05.

SPDR Portfolio High Yield Bond ETF Stock Down 1.6 %

The company’s fifty day moving average price is $23.60 and its two-hundred day moving average price is $23.68. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 59.85 and a beta of 0.47.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock valued at $68,000 after purchasing an additional 447 shares in the last quarter. Lynx Investment Advisory boosted its position in SPDR Portfolio High Yield Bond ETF by 3.9% during the 4th quarter. Lynx Investment Advisory now owns 12,810 shares of the company’s stock worth $301,000 after acquiring an additional 476 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in SPDR Portfolio High Yield Bond ETF by 1.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 47,435 shares of the company’s stock worth $1,113,000 after acquiring an additional 634 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 2.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 25,090 shares of the company’s stock worth $588,000 after acquiring an additional 685 shares in the last quarter. Finally, Ariadne Wealth Management LP raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 7.9% in the fourth quarter. Ariadne Wealth Management LP now owns 12,363 shares of the company’s stock valued at $293,000 after purchasing an additional 907 shares during 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.