SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Hits New 1-Year High at $95.72

Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) hit a new 52-week high during trading on Tuesday . The stock traded as high as $95.72 and last traded at $95.61, with a volume of 415123 shares traded. The stock had previously closed at $95.54.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0 %

The stock’s fifty day simple moving average is $94.46 and its two-hundred day simple moving average is $94.37.

Hedge Funds Weigh In On SPDR Bloomberg High Yield Bond ETF

A number of large investors have recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $70,000. Brookstone Capital Management grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 12.6% in the fourth quarter. Brookstone Capital Management now owns 6,502 shares of the exchange traded fund’s stock valued at $616,000 after buying an additional 726 shares in the last quarter. Raymond James & Associates raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 18.8% during the 4th quarter. Raymond James & Associates now owns 54,574 shares of the exchange traded fund’s stock valued at $5,170,000 after buying an additional 8,637 shares during the period. Schechter Investment Advisors LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 975.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 89,210 shares of the exchange traded fund’s stock worth $8,451,000 after acquiring an additional 80,918 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $399,000. 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.