Global Assets Advisory LLC Boosts Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Global Assets Advisory LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,643 shares of the exchange traded fund’s stock after buying an additional 709 shares during the period. Global Assets Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $440,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 162,100.0% in the 1st quarter. NBC Securities Inc. now owns 1,622 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 1,621 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth $372,000. Avantax Advisory Services Inc. grew its position in 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 purchasing an additional 1,275 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $26,728,000. Finally, Principal Financial Group Inc. grew its position in 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 purchasing an additional 37,325 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.71 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.41 and a 1 year high of $97.90. The company has a market capitalization of $7.72 billion, a P/E ratio of 19.96 and a beta of 0.42. The company’s fifty day moving average is $95.29 and its two-hundred day moving average is $95.53.

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.