Graetz Wealth LLC Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

Graetz Wealth LLC purchased a new stake in 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 purchased 38,340 shares of the exchange traded fund’s stock, valued at approximately $3,727,000. SPDR Bloomberg High Yield Bond ETF comprises 3.4% of Graetz Wealth LLC’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $26,000. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $29,000. Evolution Wealth Management Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $35,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $35,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $96.28 on Friday. The company has a market cap of $7.29 billion, a P/E ratio of 19.96 and a beta of 0.41. The stock’s 50-day moving average is $96.32 and its 200-day moving average is $96.77. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week 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.