SPDR Bloomberg High Yield Bond ETF $JNK Stock: IFG Advisory LLC Increases Position

IFG Advisory LLC grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,768 shares of the exchange traded fund’s stock after purchasing an additional 6,927 shares during the period. IFG Advisory LLC owned approximately 0.11% of SPDR Bloomberg High Yield Bond ETF worth $7,027,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of JNK. Toth Financial Advisory Corp acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $28,000. Eastern Bank acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $35,000. Brown Lisle Cummings Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 212 shares during the period. Legacy Wealth Managment LLC ID increased its stake in SPDR Bloomberg High Yield Bond ETF by 98.5% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 524 shares of the exchange traded fund’s stock valued at $50,000 after buying an additional 260 shares during the period. Finally, Pacifica Partners Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 174.6% during the 2nd quarter. Pacifica Partners Inc. now owns 1,126 shares of the exchange traded fund’s stock worth $108,000 after buying an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock traded down $0.10 during mid-day trading on Friday, hitting $92.32. The stock had a trading volume of 1,940,245 shares, compared to its average volume of 4,026,314. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.71 and a fifty-two week high of $98.03. The firm has a market cap of $6.25 billion, a PE ratio of 19.96 and a beta of 0.43. The company’s 50-day simple moving average is $93.23 and its 200-day simple moving average is $95.49.

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.