Global Assets Advisory LLC Has $377,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Global Assets Advisory LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 26.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,934 shares of the exchange traded fund’s stock after purchasing an additional 817 shares during the period. Global Assets Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $377,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Auour Investments LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% in the 4th quarter. Auour Investments LLC now owns 7,492 shares of the exchange traded fund’s stock valued at $725,000 after purchasing an additional 108 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Lido Advisors LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 1.1% in the fourth quarter. Lido Advisors LLC now owns 11,534 shares of the exchange traded fund’s stock valued at $1,101,000 after acquiring an additional 120 shares during the period. BlueSky Wealth Advisors LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 0.4% during the fourth quarter. BlueSky Wealth Advisors LLC now owns 30,685 shares of the exchange traded fund’s stock worth $2,929,000 after acquiring an additional 129 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 5.1% during the fourth quarter. VisionPoint Advisory Group LLC now owns 2,692 shares of the exchange traded fund’s stock worth $258,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $94.55 on Friday. The company’s fifty day moving average is $94.47 and its 200-day moving average is $95.74. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.41 and a 52 week high of $97.90. The company has a market capitalization of $6.42 billion, a PE ratio of 19.81 and a beta of 0.43.

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.