Independent Financial Group LLC Invests $553,000 in SPDR Bloomberg High Yield Bond ETF $JNK

Independent Financial Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,780 shares of the exchange traded fund’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning increased its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% in the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after buying an additional 629 shares during the period. Franklin Resources Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% during the 2nd quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after acquiring an additional 15,491 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after acquiring an additional 13,500 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after acquiring an additional 712 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.75 on Thursday. The company’s 50 day simple moving average is $96.11 and its 200 day simple moving average is $96.55. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24.

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.