SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Sets New 52-Week Low – Should You Sell?

Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) hit a new 52-week low on Monday . The stock traded as low as $94.30 and last traded at $94.4690, with a volume of 1044 shares. The stock had previously closed at $94.61.

SPDR Bloomberg High Yield Bond ETF Stock Performance

The business’s 50 day moving average price is $95.70 and its 200-day moving average price is $96.03. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Advisory Alpha LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 1.5% during the 4th quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock worth $673,000 after acquiring an additional 105 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the first quarter. Banque Cantonale Vaudoise now owns 920 shares of the exchange traded fund’s stock valued at $88,000 after acquiring an additional 108 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after purchasing an additional 120 shares during the period. Clearstead Advisors LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 8.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,499 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 122 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 13.3% during the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.