Beta Wealth Group Inc. Buys New Shares in SPDR Bloomberg High Yield Bond ETF $JNK

Beta Wealth Group Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the first quarter, Holdings Channel reports. The firm purchased 33,909 shares of the exchange traded fund’s stock, valued at approximately $3,246,000. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.3% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $26,000. Brown Lisle Cummings Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $29,000. NFSG Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares in the last quarter. Finally, Evolution Wealth Management Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 175 shares during the last quarter. 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 $95.95 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24. The company has a fifty day moving average of $96.13 and a 200-day moving average of $96.57. The stock has a market capitalization of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.