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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $24.09 and last traded at $23.78, with a volume of 3855 shares traded. The stock had previously closed at $23.77.

SPDR Portfolio High Yield Bond ETF Stock Performance

The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 3.97 and a beta of 0.34. The company has a 50-day moving average price of $23.66 and a 200-day moving average price of $23.67.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 767.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 224,311 shares of the company’s stock worth $5,395,000 after purchasing an additional 198,457 shares in the last quarter. Appleton Partners Inc. MA increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 2.1% during the 3rd quarter. Appleton Partners Inc. MA now owns 116,598 shares of the company’s stock worth $2,804,000 after acquiring an additional 2,397 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 18.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,897 shares of the company’s stock worth $68,000 after acquiring an additional 447 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 625.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,460 shares of the company’s stock worth $155,000 after acquiring an additional 5,570 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 58.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 431,178 shares of the company’s stock worth $10,370,000 after acquiring an additional 158,959 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.