SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Hits New 52-Week Low – What’s Next?

Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) hit a new 52-week low on Saturday . The stock traded as low as $92.08 and last traded at $92.45, with a volume of 27966309 shares changing hands. The stock had previously closed at $93.90.

SPDR Bloomberg High Yield Bond ETF Price Performance

The stock has a market cap of $7.64 billion, a PE ratio of 20.14 and a beta of 0.48. The stock’s fifty day moving average is $96.06 and its 200-day moving average is $96.36.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Institutional investors have recently made changes to their positions in the company. Integrated Capital Management LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 1.6% in the 4th quarter. Integrated Capital Management LLC now owns 6,758 shares of the exchange traded fund’s stock valued at $645,000 after buying an additional 105 shares during the period. Auour Investments LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% during the fourth quarter. Auour Investments LLC now owns 7,492 shares of the exchange traded fund’s stock valued at $725,000 after acquiring an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 118 shares during the period. Lido Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% in the 4th quarter. Lido Advisors LLC now owns 11,534 shares of the exchange traded fund’s stock worth $1,101,000 after acquiring an additional 120 shares during the last quarter. Finally, Novak & Powell Financial Services Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.2% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,664 shares of the exchange traded fund’s stock worth $541,000 after purchasing an additional 122 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.