SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Reaches New 12-Month High at $97.89

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

SPDR Bloomberg High Yield Bond ETF Stock Performance

The stock has a 50 day moving average of $95.93 and a 200-day moving average of $94.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth approximately $3,891,000. Heritage Oak Wealth Advisors LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth approximately $812,000. Somnio Financial Group LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $7,141,000. Truist Financial Corp raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 0.8% during the 2nd quarter. Truist Financial Corp now owns 77,898 shares of the exchange traded fund’s stock worth $7,343,000 after acquiring an additional 581 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 37,213 shares of the exchange traded fund’s stock worth $3,508,000 after acquiring an additional 1,186 shares in the last quarter. 87.54% of the stock is currently owned by 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.