SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Reaches New 1-Year Low – Here’s What Happened

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)’s stock price reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $92.08 and last traded at $92.45, with a volume of 27966309 shares traded. The stock had previously closed at $93.90.

SPDR Bloomberg High Yield Bond ETF Stock Down 1.5 %

The stock’s 50-day moving average price is $96.06 and its 200 day moving average price is $96.37. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

A number of hedge funds have recently modified their holdings of JNK. Rockefeller Capital Management L.P. lifted its position in SPDR Bloomberg High Yield Bond ETF by 14.6% in the third quarter. Rockefeller Capital Management L.P. now owns 19,614 shares of the exchange traded fund’s stock worth $1,918,000 after purchasing an additional 2,499 shares during the period. Pacific Asset Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% during the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after acquiring an additional 190,796 shares during the period. IHT Wealth Management LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 39.7% during the 3rd quarter. IHT Wealth Management LLC now owns 3,895 shares of the exchange traded fund’s stock valued at $380,000 after acquiring an additional 1,107 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $1,956,000. Finally, Stifel Financial Corp raised its position in SPDR Bloomberg High Yield Bond ETF by 2.9% in the third quarter. Stifel Financial Corp now owns 112,136 shares of the exchange traded fund’s stock worth $10,966,000 after purchasing an additional 3,143 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Company Profile

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.