State Street SPDR Bloomberg High Yield Bond ETF (JNK)
State Street SPDR Bloomberg High Yield Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $95.85, up 0.17% on the session, giving a market capitalisation of $7.37B. Its beta of 0.67 implies it has historically moved less than the broad market.
The State Street SPDR Bloomberg High Yield Bond ETF endeavors to mirror the price and income performance of the Bloomberg High Yield Very Liquid Index, before accounting for fees and expenses. It offers diversified market access to U.S. dollar-denominated high-yield corporate bonds, specifically those characterized by robust liquidity. This ETF serves as a more economical vehicle for gaining high-yield exposure than purchasing individual debt securities. Portfolio adjustments occur on the final business day of each month.
State Street SPDR Bloomberg High Yield Bond ETF is most often compared with the following Financial Services names: