Sowell Financial Services LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,578 shares of the exchange traded fund’s stock, valued at approximately $3,485,000. Sowell Financial Services LLC owned 0.06% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of JNK. Prentice Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $1,765,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 19.3% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 322,637 shares of the exchange traded fund’s stock worth $29,925,000 after buying an additional 52,220 shares in the last quarter. Smithbridge Asset Management Inc. DE purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $251,000. Worth Financial Advisory Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $248,000. Finally, SteelPeak Wealth LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 16.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 3,583 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 512 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%
NYSEARCA:JNK opened at $92.39 on Thursday. The company has a fifty day simple moving average of $94.27 and a two-hundred day simple moving average of $95.49. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08.
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.
Further Reading
- Five stocks we like better than SPDR Bloomberg High Yield Bond ETF
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding JNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report).
Receive News & Ratings for SPDR Bloomberg High Yield Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Bloomberg High Yield Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
