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

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) shares reached a new 52-week low on Monday . The stock traded as low as $94.30 and last traded at $94.4690, with a volume of 1044 shares. The stock had previously closed at $94.61.

SPDR Bloomberg High Yield Bond ETF Price Performance

The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The firm’s fifty day moving average is $95.70 and its 200-day moving average is $96.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JNK. Brown Lisle Cummings Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $27,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 141 shares during the period. Evolution Wealth Management Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 175 shares during the period. Finally, Prestige Wealth Management Group LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $35,000. 87.54% of the stock is owned by institutional investors and hedge funds.

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.