SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Reaches New 1-Year Low – Time to Sell?

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $22.65 and last traded at $22.69, with a volume of 15461264 shares. The stock had previously closed at $22.78.

SPDR Portfolio High Yield Bond ETF Stock Performance

The firm has a market capitalization of $11.77 billion, a P/E ratio of 7.31 and a beta of 0.38. The business has a fifty day moving average of $23.14 and a 200-day moving average of $23.30.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. raised its stake in shares of SPDR Portfolio High Yield Bond ETF by 5.7% during the first quarter. Sei Investments Co. now owns 19,832,325 shares of the company’s stock valued at $462,499,000 after purchasing an additional 1,061,796 shares in the last quarter. LPL Financial LLC grew its position 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 valued at $208,358,000 after buying an additional 967,530 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in SPDR Portfolio High Yield Bond ETF by 37.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,981,977 shares of the company’s stock valued at $163,658,000 after buying an additional 1,903,466 shares during the period. Ocean Park Asset Management LLC increased its stake 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 buying an additional 2,116,024 shares during the period. Finally, Cetera Investment Advisers increased its stake in SPDR Portfolio High Yield Bond ETF by 68.1% during the 1st quarter. Cetera Investment Advisers now owns 3,556,254 shares of the company’s stock valued at $82,932,000 after buying 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.