SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Reaches New 52-Week High – Time to Buy?

Shares of SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) hit a new 52-week high on Friday . The company traded as high as $24.09 and last traded at $23.78, with a volume of 3855 shares changing hands. The stock had previously closed at $23.77.

SPDR Portfolio High Yield Bond ETF Trading Up 0.1 %

The stock 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 fifty day moving average of $23.66 and a two-hundred day moving average of $23.67.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPHY. Confluence Investment Management LLC bought a new stake in shares of SPDR Portfolio High Yield Bond ETF in the third quarter valued at approximately $11,518,000. Iowa State Bank raised its stake in SPDR Portfolio High Yield Bond ETF by 188.5% during the 3rd quarter. Iowa State Bank now owns 369,523 shares of the company’s stock valued at $8,887,000 after purchasing an additional 241,422 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 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 valued at $5,395,000 after purchasing an additional 198,457 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in SPDR Portfolio High Yield Bond ETF by 58.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 431,178 shares of the company’s stock valued at $10,370,000 after purchasing an additional 158,959 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in SPDR Portfolio High Yield Bond ETF in the 3rd quarter worth $655,000.

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.