SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sets New 1-Year Low – Here’s What Happened

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $22.92 and last traded at $22.9250, with a volume of 787250 shares trading hands. The stock had previously closed at $23.03.

SPDR Portfolio High Yield Bond ETF Stock Performance

The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 7.31 and a beta of 0.38. The company has a fifty day moving average of $23.19 and a two-hundred day moving average of $23.32.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position 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 valued at $462,499,000 after acquiring an additional 1,061,796 shares during the period. LPL Financial LLC raised its stake in SPDR Portfolio High Yield Bond ETF by 12.3% in the 4th quarter. LPL Financial LLC now owns 8,802,613 shares of the company’s stock worth $208,358,000 after purchasing an additional 967,530 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Portfolio High Yield Bond ETF by 37.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock worth $163,658,000 after purchasing an additional 1,903,466 shares in the last quarter. Ocean Park Asset Management LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 53.4% in 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 boosted 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 valued at $82,932,000 after purchasing an additional 1,441,014 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.