SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) saw strong trading volume on Thursday. 16,575,178 shares traded hands during trading, an increase of 186% from the previous session’s volume of 5,805,583 shares. The stock last traded at $22.4750 and had previously closed at $22.59.

SPDR Portfolio High Yield Bond ETF Stock Performance

The company has a market cap of $11.63 billion, a P/E ratio of 7.31 and a beta of 0.38. The business has a 50 day moving average price of $23.14 and a two-hundred day moving average price of $23.30.

Hedge Funds Weigh In On SPDR Portfolio High Yield Bond ETF

A number of hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.7% in the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock worth $462,499,000 after purchasing an additional 1,061,796 shares during the last quarter. LPL Financial LLC raised its holdings in shares of SPDR Portfolio High Yield Bond ETF by 12.3% during the fourth quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock valued at $208,358,000 after acquiring an additional 967,530 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR Portfolio High Yield Bond ETF by 37.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock worth $163,658,000 after acquiring an additional 1,903,466 shares during the period. Ocean Park Asset Management LLC increased its position in SPDR Portfolio High Yield Bond ETF by 53.4% during the 2nd quarter. Ocean Park Asset Management LLC now owns 6,080,823 shares of the company’s stock valued at $142,534,000 after purchasing an additional 2,116,024 shares during the period. Finally, Cetera Investment Advisers raised its holdings in SPDR Portfolio High Yield Bond ETF by 68.1% in the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock worth $82,932,000 after purchasing an additional 1,441,014 shares in 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.