SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 12-Month Low – Time to Sell?

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)’s share price reached a new 52-week low on Monday . The stock traded as low as $89.72 and last traded at $93.26, with a volume of 420 shares changing hands. The stock had previously closed at $93.72.

SPDR Bloomberg High Yield Bond ETF Stock Performance

The stock has a market capitalization of $6.24 billion, a PE ratio of 19.36 and a beta of 0.43. The stock’s 50-day moving average price is $95.13 and its two-hundred day moving average price is $95.97.

Institutional Trading of SPDR Bloomberg High Yield Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 450.3% in the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock worth $80,335,000 after purchasing an additional 688,414 shares in the last quarter. Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 11.6% in the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares during the period. LPL Financial LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 42.4% during the fourth quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock valued at $139,494,000 after purchasing an additional 434,953 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in SPDR Bloomberg High Yield Bond ETF by 209.7% during the fourth quarter. Sei Investments Co. now owns 439,797 shares of the exchange traded fund’s stock valued at $41,987,000 after purchasing an additional 297,797 shares during the period. 87.54% of the stock is currently 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.