SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 52-Week High at $95.79

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $95.79 and last traded at $95.71, with a volume of 59603 shares trading hands. The stock had previously closed at $95.47.

SPDR Bloomberg High Yield Bond ETF Price Performance

The company’s 50-day simple moving average is $94.60 and its 200-day simple moving average is $94.42.

Hedge Funds Weigh In On SPDR Bloomberg High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 11.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,175 shares of the exchange traded fund’s stock valued at $111,000 after acquiring an additional 121 shares during the period. Private Client Services LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.2% during the second quarter. Private Client Services LLC now owns 2,476 shares of the exchange traded fund’s stock worth $233,000 after buying an additional 123 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 10,427 shares of the exchange traded fund’s stock worth $988,000 after buying an additional 126 shares during the period. Founders Financial Securities LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.8% during the first quarter. Founders Financial Securities LLC now owns 4,831 shares of the exchange traded fund’s stock worth $460,000 after buying an additional 130 shares during the period. Finally, Azimuth Capital Investment Management LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 6.2% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,449 shares of the exchange traded fund’s stock worth $232,000 after buying an additional 143 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.