10,951 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Purchased by TBH Global Asset Management LLC

TBH Global Asset Management LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, Holdings Channel reports. The fund acquired 10,951 shares of the exchange traded fund’s stock, valued at approximately $1,073,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Key Financial Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $34,000. First Community Trust NA bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $39,000. Trust Co. of Vermont increased its stake in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 418 shares during the period. Beacon Capital Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $52,000. Finally, Beacon Capital Management LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $56,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $97.30 on Wednesday. The company has a market capitalization of $8.14 billion, a P/E ratio of 19.96 and a beta of 0.42. The company’s 50-day simple moving average is $97.10 and its two-hundred day simple moving average is $97.09. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24.

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.