SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 52-Week High – Time to Buy?

Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) reached a new 52-week high on Friday . The company traded as high as $98.00 and last traded at $98.00, with a volume of 1897 shares. The stock had previously closed at $97.14.

SPDR Bloomberg High Yield Bond ETF Stock Performance

The business’s 50 day moving average price is $96.81 and its 200-day moving average price is $95.78.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Institutional investors have recently bought and sold shares of the business. World Investment Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% in the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after purchasing an additional 1,963,931 shares during the period. BNP Paribas Financial Markets raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 401.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after buying an additional 621,906 shares in the last quarter. Toews Corp ADV lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 65.9% during the 2nd quarter. Toews Corp ADV now owns 1,112,000 shares of the exchange traded fund’s stock worth $104,828,000 after acquiring an additional 441,900 shares during the period. Ocean Park Asset Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 6.0% during the 2nd quarter. Ocean Park Asset Management LLC now owns 4,790,796 shares of the exchange traded fund’s stock worth $451,628,000 after acquiring an additional 273,096 shares during the period. Finally, Aristotle Pacific Capital LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 26.5% during the 3rd quarter. Aristotle Pacific Capital LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after acquiring an additional 184,263 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.