Independent Financial Group LLC Buys Shares of 5,780 SPDR Bloomberg High Yield Bond ETF $JNK

Independent Financial Group LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, HoldingsChannel.com reports. The fund bought 5,780 shares of the exchange traded fund’s stock, valued at approximately $553,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at approximately $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $174,978,000. State Street Corp lifted its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after purchasing an additional 1,577,119 shares during the last quarter. TD Asset Management Inc acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $80,090,000. Finally, Moulton Wealth Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $38,544,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $95.75 on Thursday. The firm’s fifty day moving average price is $96.11 and its two-hundred day moving average price is $96.55. The stock has a market cap of $7.27 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24.

About SPDR Bloomberg High Yield Bond ETF

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.