Ehrlich Financial Group Buys Shares of 9,680 SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Ehrlich Financial Group bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,680 shares of the exchange traded fund’s stock, valued at approximately $923,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Apollon Financial LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 17.8% during the 4th quarter. Apollon Financial LLC now owns 7,927 shares of the exchange traded fund’s stock worth $757,000 after buying an additional 1,195 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 19.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,753 shares of the exchange traded fund’s stock worth $740,000 after buying an additional 1,275 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $26,728,000. Principal Financial Group Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 239.1% during the 4th quarter. Principal Financial Group Inc. now owns 52,937 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 37,325 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 64,091 shares of the exchange traded fund’s stock worth $6,119,000 after buying an additional 3,838 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%

NYSEARCA:JNK opened at $95.62 on Friday. The company has a market capitalization of $7.03 billion, a PE ratio of 19.81 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.41 and a 52-week high of $97.90. The stock has a fifty day simple moving average of $94.45 and a 200-day simple moving average of $95.61.

About SPDR Bloomberg High Yield Bond ETF

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.