SPDR Bloomberg High Yield Bond ETF $JNK Shares Newly Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,578 shares of the exchange traded fund’s stock, valued at approximately $3,485,000.

A number of other large investors have also recently made changes to their positions in JNK. Brown Lisle Cummings Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $28,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp grew its holdings in SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA:JNK opened at $92.39 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08. The company’s 50 day moving average is $94.27 and its two-hundred day moving average is $95.49. The company has a market cap of $5.70 billion, a PE ratio of 19.96 and a beta of 0.42.

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.