Modera Wealth Management LLC Acquires 744 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Modera Wealth Management LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,503 shares of the exchange traded fund’s stock after purchasing an additional 744 shares during the period. Modera Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,773,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $32,000. Key Financial Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $34,000. Truvestments Capital LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 212 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $56,000. Finally, Realta Investment Advisors grew its stake in SPDR Bloomberg High Yield Bond ETF by 38.5% in the first quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.76 on Friday. The company has a market capitalization of $8.10 billion, a P/E ratio of 19.96 and a beta of 0.42. The business has a 50-day moving average of $97.45 and a two-hundred day moving average of $96.59. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24.

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.