SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 1-Year Low – What’s Next?

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

SPDR Bloomberg High Yield Bond ETF Stock Down 0.7%

The stock has a market cap of $6.68 billion, a PE ratio of 19.96 and a beta of 0.41. The stock has a 50-day moving average of $95.50 and a 200 day moving average of $95.91.

Hedge Funds Weigh In On SPDR Bloomberg High Yield Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the first quarter. Banque Cantonale Vaudoise now owns 920 shares of the exchange traded fund’s stock worth $88,000 after acquiring an additional 108 shares during the period. Clearstead Advisors LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 8.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,499 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 122 shares in the last quarter. Intergy Private Wealth LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 3.9% during the 1st quarter. Intergy Private Wealth LLC now owns 3,337 shares of the exchange traded fund’s stock valued at $319,000 after purchasing an additional 125 shares during the period. Novak & Powell Financial Services Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.2% in the 4th quarter. Novak & Powell Financial Services Inc. now owns 6,049 shares of the exchange traded fund’s stock valued at $588,000 after purchasing an additional 128 shares in the last quarter. Finally, Global Assets Advisory LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% in the 4th quarter. Global Assets Advisory LLC now owns 5,060 shares of the exchange traded fund’s stock worth $492,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors 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.