SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Cross Above 200 Day Moving Average – Should You Sell?

SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $97.30 and traded as high as $97.62. SPDR Bloomberg High Yield Bond ETF shares last traded at $97.37, with a volume of 5,056,988 shares.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

The stock has a fifty day moving average price of $97.41 and a 200 day moving average price of $97.30. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.5601 dividend. This is a positive change from SPDR Bloomberg High Yield Bond ETF’s previous monthly dividend of $0.53. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Advisory Alpha LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 1.5% during the fourth quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 105 shares during the period. Sharper & Granite LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 1.7% during the 4th quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock valued at $618,000 after purchasing an additional 107 shares during the period. Clearstead Advisors LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 8.5% during the 3rd quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after purchasing an additional 108 shares during the period. Apollon Financial LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 2.5% in the 3rd quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock valued at $449,000 after buying an additional 114 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after buying an additional 120 shares during the period. Institutional investors own 87.54% of the company’s stock.

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.