SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $97.94 and last traded at $97.94, with a volume of 509 shares. The stock had previously closed at $97.79.
SPDR Bloomberg High Yield Bond ETF Price Performance
The company has a fifty day simple moving average of $96.31 and a 200-day simple moving average of $94.99.
Hedge Funds Weigh In On SPDR Bloomberg High Yield Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth about $29,000. Olistico Wealth LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $35,000. Transcendent Capital Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $41,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $47,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
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.
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