SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Reaches New 52-Week Low – Here’s What Happened

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $89.72 and last traded at $93.26, with a volume of 420 shares. The stock had previously closed at $93.72.

SPDR Bloomberg High Yield Bond ETF Price Performance

The business has a 50 day moving average price of $95.01 and a 200 day moving average price of $95.92. The stock has a market capitalization of $6.25 billion, a PE ratio of 19.36 and a beta of 0.43.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Several institutional investors have recently bought and sold shares of JNK. Valley National Advisers Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $29,000. Ameriflex Group Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $34,000. Creative Financial Designs Inc. ADV raised its position in SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Realta Investment Advisors lifted its stake in SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 210 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $53,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

About SPDR Bloomberg High Yield Bond ETF

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.