SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 52-Week Low – Here’s Why

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares hit a new 52-week low on Thursday . The stock traded as low as $23.02 and last traded at $23.0450, with a volume of 556232 shares. The stock had previously closed at $23.11.

SPDR Portfolio High Yield Bond ETF Trading Down 0.3%

The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The stock’s fifty day simple moving average is $23.27 and its 200-day simple moving average is $23.37.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPHY. Stonebridge Financial Planning Group LLC lifted its holdings in SPDR Portfolio High Yield Bond ETF by 15.6% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 233,574 shares of the company’s stock valued at $5,529,000 after acquiring an additional 31,497 shares during the period. VanderPol Investments L.L.C. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 30.5% during the 4th quarter. VanderPol Investments L.L.C. now owns 94,649 shares of the company’s stock worth $2,240,000 after purchasing an additional 22,145 shares during the period. Gambit Capital Management LLC purchased a new position in shares of SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at about $557,000. HighTower Advisors LLC increased its holdings in shares of SPDR Portfolio High Yield Bond ETF by 212.9% in the 4th quarter. HighTower Advisors LLC now owns 274,198 shares of the company’s stock valued at $6,490,000 after purchasing an additional 186,563 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of SPDR Portfolio High Yield Bond ETF by 24.2% in the fourth quarter. Stephens Inc. AR now owns 153,550 shares of the company’s stock valued at $3,635,000 after purchasing an additional 29,942 shares during the period.

SPDR Portfolio High Yield Bond ETF Company Profile

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.