SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Hits New 12-Month High at $95.61

Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) reached a new 52-week high during trading on Tuesday . The stock traded as high as $95.61 and last traded at $95.60, with a volume of 1983151 shares changing hands. The stock had previously closed at $95.24.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2 %

The stock has a fifty day moving average of $94.41 and a 200-day moving average of $94.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 223.6% in the first quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock worth $242,307,000 after acquiring an additional 1,758,741 shares in the last quarter. Arch Capital Group LTD. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $100,794,000. Toews Corp ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $69,939,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 25.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock worth $259,047,000 after buying an additional 550,840 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $48,448,000. 87.54% of the stock is currently 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.