9,410 Shares of SPDR Bloomberg High Yield Bond ETF $JNK Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,410 shares of the exchange traded fund’s stock, valued at approximately $873,000.

A number of other institutional investors have also recently bought and sold shares of JNK. Toth Financial Advisory Corp bought a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp boosted its stake in shares of 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 period. Eastern Bank acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Brown Lisle Cummings Inc. increased its holdings 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 during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.7%

JNK opened at $93.03 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $91.71 and a 1-year high of $98.03. The stock’s fifty day simple moving average is $93.66 and its 200 day simple moving average is $95.67. The stock has a market cap of $6.09 billion, a PE ratio of 19.96 and a beta of 0.44.

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.