SPDR Bloomberg High Yield Bond ETF $JNK Shares Newly Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,405 shares of the exchange traded fund’s stock, valued at approximately $965,000.

Several other hedge funds have also modified their holdings of JNK. Toth Financial Advisory Corp purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $28,000. Ascentis Independent Advisors acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $29,000. NFSG Corp increased its stake in SPDR Bloomberg High Yield Bond ETF by 78.3% in the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares during the period. Eastern Bank acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $35,000. Finally, Brown Lisle Cummings Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% during the second 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 owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $92.26 on Tuesday. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock has a fifty day moving average price of $93.79 and a two-hundred day moving average price of $95.72. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.03.

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.