Sowell Financial Services LLC Has $1.71 Million Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Sowell Financial Services LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,938 shares of the exchange traded fund’s stock after purchasing an additional 1,474 shares during the period. Sowell Financial Services LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JNK. Schroder Investment Management Group grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 450.3% during the 4th quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock worth $80,335,000 after purchasing an additional 688,414 shares in the last quarter. Assetmark Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares in the last quarter. LPL Financial LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 42.4% during the 4th quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock worth $139,494,000 after purchasing an additional 434,953 shares in the last quarter. Sei Investments Co. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 209.7% during the 4th quarter. Sei Investments Co. now owns 439,797 shares of the exchange traded fund’s stock worth $41,987,000 after purchasing an additional 297,797 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $26,728,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

NYSEARCA JNK opened at $95.79 on Wednesday. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The firm’s 50 day simple moving average is $94.88 and its 200 day simple moving average is $95.55. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.41 and a 1 year high of $97.90.

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.