Raymond James Financial Services Advisors Inc. Buys 48,623 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 62.7% in the 1st quarter, HoldingsChannel reports. The fund owned 126,152 shares of the exchange traded fund’s stock after buying an additional 48,623 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $28,000. Kessler Investment Group LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter worth $33,000. Transcendent Capital Group LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $41,000. Beaird Harris Wealth Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $47,000. Finally, Hexagon Capital Partners LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 102.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 511 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 258 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.5 %

Shares of NYSEARCA:JNK traded up $0.43 on Friday, hitting $94.27. The company had a trading volume of 5,510,956 shares, compared to its average volume of 6,303,795. The firm’s 50-day simple moving average is $94.18 and its two-hundred day simple moving average is $93.38. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $87.79 and a 1 year high of $95.59.

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.