Outlook Wealth Advisors LLC Invests $393,000 in SPDR Bloomberg High Yield Bond ETF $JNK

Outlook Wealth Advisors LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,045 shares of the exchange traded fund’s stock, valued at approximately $393,000.

Other hedge funds have also recently bought and sold shares of the company. Cordatus Wealth Management LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 22.7% during the second quarter. Cordatus Wealth Management LLC now owns 14,823 shares of the exchange traded fund’s stock worth $1,442,000 after purchasing an additional 2,740 shares during the period. United Advisor Group LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 6.2% in the second quarter. United Advisor Group LLC now owns 5,094 shares of the exchange traded fund’s stock valued at $495,000 after purchasing an additional 298 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in SPDR Bloomberg High Yield Bond ETF by 52.1% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 91,433 shares of the exchange traded fund’s stock worth $8,894,000 after purchasing an additional 31,300 shares during the last quarter. Western Wealth Management LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 7.6% in the 2nd quarter. Western Wealth Management LLC now owns 2,752 shares of the exchange traded fund’s stock worth $268,000 after purchasing an additional 194 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 21,315 shares of the exchange traded fund’s stock worth $2,073,000 after purchasing an additional 370 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $96.41 on Wednesday. The business has a 50 day simple moving average of $97.37 and a 200 day simple moving average of $96.73. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.