SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Stock Passes Above 200 Day Moving Average – Here’s What Happened

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $96.22 and traded as high as $96.22. SPDR Bloomberg High Yield Bond ETF shares last traded at $96.20, with a volume of 2,003,822 shares trading hands.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

The business’s 50 day moving average is $95.91 and its two-hundred day moving average is $96.22. The firm has a market capitalization of $6.95 billion, a P/E ratio of 19.96 and a beta of 0.41.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Institutional investors have recently made changes to their positions in the stock. Tucker Asset Management LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1,398.2% in the second quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock valued at $819,000 after acquiring an additional 7,928 shares in the last quarter. Hyundai Investments Co. Ltd. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 82.1% during the second quarter. Hyundai Investments Co. Ltd. now owns 6,788 shares of the exchange traded fund’s stock worth $654,000 after purchasing an additional 3,061 shares in the last quarter. Sovereign Investment Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 1.6% during the second quarter. Sovereign Investment Advisors LLC now owns 50,383 shares of the exchange traded fund’s stock worth $4,855,000 after purchasing an additional 816 shares in the last quarter. HB Wealth Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $243,000. Finally, Nilsine Partners LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 1.1% in the second quarter. Nilsine Partners LLC now owns 35,398 shares of the exchange traded fund’s stock worth $3,411,000 after purchasing an additional 396 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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.