Gateway Wealth Partners LLC Invests $7.07 Million in SPDR Bloomberg High Yield Bond ETF $JNK

Gateway Wealth Partners LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,827 shares of the exchange traded fund’s stock, valued at approximately $7,067,000. Gateway Wealth Partners LLC owned 0.10% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Legacy Wealth Managment LLC ID bought a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $26,000. Brown Lisle Cummings Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $27,000. Ascentis Independent Advisors acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth approximately $29,000. NFSG Corp grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 141 shares during the last quarter. Finally, Evolution Wealth Management Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $95.39 on Monday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The company has a market capitalization of $7.12 billion, a P/E ratio of 19.96 and a beta of 0.41. The company’s 50 day simple moving average is $96.09 and its 200 day simple moving average is $96.52.

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.