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

Sowell Financial Services LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,789 shares of the exchange traded fund’s stock, valued at approximately $1,743,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter valued at approximately $29,000. NFSG Corp boosted its position in SPDR Bloomberg High Yield Bond ETF by 78.3% during the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 141 shares during the last quarter. Eastern Bank bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $35,000. Finally, Brown Lisle Cummings Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% in the second quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

NYSEARCA:JNK opened at $92.98 on Friday. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03. The stock’s 50 day moving average price is $93.86 and its two-hundred day moving average price is $95.75.

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.