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

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $94.25 and last traded at $94.2770, with a volume of 473302 shares traded. The stock had previously closed at $94.72.

SPDR Bloomberg High Yield Bond ETF Stock Performance

The firm has a market capitalization of $6.68 billion, a P/E ratio of 19.96 and a beta of 0.41. The business’s fifty day moving average price is $95.50 and its two-hundred day moving average price is $95.91.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Institutional investors have recently made changes to their positions in the business. State Street Corp increased its position in SPDR Bloomberg High Yield Bond ETF by 23.5% during the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after buying an additional 2,597,336 shares in the last quarter. Assetmark Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after acquiring an additional 191,636 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock worth $80,978,000 after acquiring an additional 97,474 shares during the last quarter. TD Asset Management Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $80,090,000. Finally, Aristotle Pacific Capital LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 129.8% during the fourth quarter. Aristotle Pacific Capital LLC now owns 574,407 shares of the exchange traded fund’s stock valued at $55,838,000 after acquiring an additional 324,407 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.