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

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price 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 Performance

The firm’s 50-day simple moving average is $23.60 and its 200-day simple moving average is $23.68. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 59.85 and a beta of 0.47.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Providence First Trust Co bought a new stake in shares of SPDR Portfolio High Yield Bond ETF during the fourth quarter valued at approximately $47,000. OLD Point Trust & Financial Services N A bought a new stake in SPDR Portfolio High Yield Bond ETF in the 4th quarter valued at $57,000. AdvisorNet Financial Inc lifted 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 period. Bank of Jackson Hole Trust acquired a new stake in shares of SPDR Portfolio High Yield Bond ETF during the 4th quarter valued at about $86,000. Finally, Ameriflex Group Inc. bought a new stake in SPDR Portfolio High Yield Bond ETF in the fourth quarter valued at about $97,000.

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.