SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Large Volume Increase – What’s Next?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw unusually-strong trading volume on Thursday . Approximately 7,393,938 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 3,545,595 shares.The stock last traded at $23.80 and had previously closed at $23.83.

SPDR Portfolio High Yield Bond ETF Stock Down 0.3 %

The stock’s 50 day moving average price is $23.77 and its 200-day moving average price is $23.60. The stock has a market capitalization of $4.81 billion, a PE ratio of 3.97 and a beta of 0.34.

Institutional Trading of SPDR Portfolio High Yield Bond ETF

A number of institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC acquired a new position in shares of SPDR Portfolio High Yield Bond ETF during the 3rd quarter worth approximately $11,518,000. Iowa State Bank increased its position in SPDR Portfolio High Yield Bond ETF by 188.5% during the third quarter. Iowa State Bank now owns 369,523 shares of the company’s stock worth $8,887,000 after purchasing an additional 241,422 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 58.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 431,178 shares of the company’s stock valued at $10,370,000 after buying an additional 158,959 shares during the period. Hilltop Partners LLC grew its position in SPDR Portfolio High Yield Bond ETF by 24.5% in the second quarter. Hilltop Partners LLC now owns 659,735 shares of the company’s stock worth $15,326,000 after acquiring an additional 129,795 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 4.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 690,144 shares of the company’s stock valued at $16,032,000 after purchasing an additional 28,685 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.