Wealth Enhancement Advisory Services LLC Has $1.73 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Wealth Enhancement Advisory Services LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 64.1% during the 4th quarter, HoldingsChannel reports. The firm owned 17,729 shares of the exchange traded fund’s stock after buying an additional 6,927 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,729,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 8.5% in the 3rd quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock worth $135,000 after purchasing an additional 108 shares during the last quarter. Apollon Financial LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% during the 3rd quarter. Apollon Financial LLC now owns 4,585 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 114 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 120 shares during the last quarter. Banque Cantonale Vaudoise lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 17.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock valued at $80,000 after buying an additional 121 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the 2nd quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $95.72 on Friday. The stock’s 50 day moving average price is $96.61 and its 200 day moving average price is $97.08. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24. The company has a market capitalization of $6.98 billion, a P/E ratio of 19.96 and a beta of 0.42.

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.