Sowell Financial Services LLC acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,789 shares of the exchange traded fund’s stock, valued at approximately $1,743,000.
A number of other hedge funds have also modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp boosted its position in SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Eastern Bank acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Brown Lisle Cummings Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 74.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 212 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.
SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%
Shares of JNK opened at $92.98 on Friday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03. The stock has a market capitalization of $6.03 billion, a P/E ratio of 19.96 and a beta of 0.42. The company has a 50 day moving average of $93.86 and a 200-day moving average of $95.75.
SPDR Bloomberg High Yield Bond ETF 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.
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