SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Hits New 52-Week High at $95.90

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $95.90 and last traded at $95.89, with a volume of 1316578 shares trading hands. The stock had previously closed at $95.77.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1 %

The stock’s 50 day moving average price is $94.82 and its 200 day moving average price is $94.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in JNK. The Manufacturers Life Insurance Company raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 325,688 shares of the exchange traded fund’s stock valued at $30,780,000 after purchasing an additional 12,573 shares during the period. Millennium Management LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 15.6% during the 2nd quarter. Millennium Management LLC now owns 379,666 shares of the exchange traded fund’s stock valued at $35,791,000 after purchasing an additional 51,305 shares in the last quarter. Marshall Wace LLP increased its stake in SPDR Bloomberg High Yield Bond ETF by 38.0% during the 2nd quarter. Marshall Wace LLP now owns 174,300 shares of the exchange traded fund’s stock worth $16,431,000 after buying an additional 48,000 shares during the period. Hancock Whitney Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.2% in the 2nd quarter. Hancock Whitney Corp now owns 4,512 shares of the exchange traded fund’s stock worth $425,000 after buying an additional 142 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in SPDR Bloomberg High Yield Bond ETF by 11.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,210,908 shares of the exchange traded fund’s stock valued at $114,153,000 after buying an additional 125,140 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.