Turtle Creek Wealth Advisors LLC Invests $1.25 Million in SPDR Bloomberg High Yield Bond ETF $JNK

Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,853 shares of the exchange traded fund’s stock, valued at approximately $1,249,000.

Other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 15.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock worth $51,489,000 after purchasing an additional 71,153 shares during the period. Chandler Asset Management Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 35.8% during the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock worth $25,497,000 after purchasing an additional 68,660 shares during the period. Citigroup Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% during the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock worth $6,456,000 after purchasing an additional 9,222 shares during the period. Forefront Wealth Partners LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $1,261,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 186,467 shares of the exchange traded fund’s stock worth $18,126,000 after purchasing an additional 10,100 shares during the period. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $96.74 on Friday. The company’s 50 day simple moving average is $96.36 and its 200 day simple moving average is $96.95. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.18 and a 1 year high of $98.24.

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.