Private Client Services LLC Invests $309,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Private Client Services LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,264 shares of the exchange traded fund’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 10.2% in the fourth quarter. Mackenzie Financial Corp now owns 138,805 shares of the exchange traded fund’s stock worth $13,149,000 after purchasing an additional 12,795 shares in the last quarter. NewEdge Wealth LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $204,000. Perigon Wealth Management LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 0.8% in the fourth quarter. Perigon Wealth Management LLC now owns 22,584 shares of the exchange traded fund’s stock worth $2,139,000 after purchasing an additional 170 shares in the last quarter. Cerity Partners LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $208,000. Finally, Sandy Spring Bank bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $56,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $92.72 on Tuesday. The business has a fifty day simple moving average of $94.44 and a 200-day simple moving average of $93.03. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $87.79 and a fifty-two week high of $95.59.

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.