SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 52-Week High at $97.89

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $97.89 and last traded at $97.65, with a volume of 22860 shares traded. The stock had previously closed at $97.42.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1 %

The firm’s fifty day simple moving average is $95.99 and its 200-day simple moving average is $94.84.

Hedge Funds Weigh In On SPDR Bloomberg High Yield Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of JNK. Nations Financial Group Inc. IA ADV raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 10,427 shares of the exchange traded fund’s stock worth $988,000 after acquiring an additional 126 shares in the last quarter. Adams Wealth Management acquired a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $540,000. Congress Wealth Management LLC DE boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 37,941 shares of the exchange traded fund’s stock worth $3,594,000 after buying an additional 333 shares in the last quarter. Brookstone Capital Management grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 21.1% during the 1st quarter. Brookstone Capital Management now owns 7,871 shares of the exchange traded fund’s stock worth $749,000 after buying an additional 1,369 shares during the period. Finally, Aletheian Wealth Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.2% in the 1st quarter. Aletheian Wealth Advisors LLC now owns 9,607 shares of the exchange traded fund’s stock valued at $915,000 after acquiring an additional 971 shares in the last quarter. Institutional investors and hedge funds 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.