Precision Wealth Strategies LLC Acquires Shares of 49,159 SPDR Bloomberg High Yield Bond ETF $JNK

Precision Wealth Strategies LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,159 shares of the exchange traded fund’s stock, valued at approximately $4,782,000. SPDR Bloomberg High Yield Bond ETF makes up about 1.6% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 15th largest position.

Other institutional investors have also modified their holdings of the company. North Capital Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $32,000. Truvestments Capital LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% during the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 212 shares during the period. Hoey Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $54,000. Finally, Beacon Capital Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $56,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4%

NYSEARCA JNK opened at $97.64 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The business’s fifty day simple moving average is $97.32 and its 200-day simple moving average is $95.99. The firm has a market cap of $8.31 billion, a PE ratio of 19.96 and a beta of 0.45.

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.