Meridian Wealth Management LLC Purchases 1,145 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Meridian Wealth Management LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,570 shares of the exchange traded fund’s stock after purchasing an additional 1,145 shares during the quarter. Meridian Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 0.5% during the fourth quarter. Clark Capital Management Group Inc. now owns 5,483,446 shares of the exchange traded fund’s stock valued at $523,505,000 after purchasing an additional 28,881 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock valued at $354,458,000 after purchasing an additional 360,678 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.4% during the fourth quarter. Ameriprise Financial Inc. now owns 988,524 shares of the exchange traded fund’s stock valued at $94,384,000 after purchasing an additional 50,622 shares in the last quarter. Bank of America Corp DE boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 5.4% during the fourth quarter. Bank of America Corp DE now owns 829,299 shares of the exchange traded fund’s stock valued at $79,173,000 after purchasing an additional 42,848 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 10.5% during the first quarter. BLB&B Advisors LLC now owns 410,043 shares of the exchange traded fund’s stock valued at $39,077,000 after purchasing an additional 39,035 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.0%

SPDR Bloomberg High Yield Bond ETF stock opened at $96.70 on Tuesday. The business’s fifty day simple moving average is $96.49 and its two-hundred day simple moving average is $95.70. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $97.90. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45.

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.