Empirical Asset Management LLC Purchases New Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Empirical Asset Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,189 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Hillcrest Wealth Advisors NY LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 1.6% during the 1st quarter. Hillcrest Wealth Advisors NY LLC now owns 7,848 shares of the exchange traded fund’s stock valued at $748,000 after purchasing an additional 125 shares during the last quarter. Pure Financial Advisors LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 1.2% during the 2nd quarter. Pure Financial Advisors LLC now owns 11,438 shares of the exchange traded fund’s stock valued at $1,113,000 after purchasing an additional 136 shares during the last quarter. Harbour Trust & Investment Management Co grew its holdings in SPDR Bloomberg High Yield Bond ETF by 0.6% during the 1st quarter. Harbour Trust & Investment Management Co now owns 25,050 shares of the exchange traded fund’s stock valued at $2,387,000 after purchasing an additional 147 shares during the last quarter. Private Trust Co. NA grew its holdings in SPDR Bloomberg High Yield Bond ETF by 3.3% during the 1st quarter. Private Trust Co. NA now owns 5,243 shares of the exchange traded fund’s stock valued at $500,000 after purchasing an additional 167 shares during the last quarter. Finally, Realta Investment Advisors grew its holdings in SPDR Bloomberg High Yield Bond ETF by 38.5% during the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 171 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA:JNK opened at $97.24 on Friday. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The firm’s 50-day moving average is $97.41 and its 200 day moving average is $96.12.

SPDR Bloomberg High Yield Bond ETF Company 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.