Wealth Advisory Solutions LLC Has $472,000 Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Wealth Advisory Solutions LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,857 shares of the exchange traded fund’s stock after purchasing an additional 349 shares during the period. Wealth Advisory Solutions LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JNK. North Capital Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $32,000. Ameriflex Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $34,000. Truvestments Capital LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares in the last quarter. Finally, Hoey Investments Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $98.19 on Tuesday. The business’s fifty day simple moving average is $97.15 and its 200 day simple moving average is $95.88. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.20. The firm has a market capitalization of $8.35 billion, a P/E 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.