SPDR Bloomberg High Yield Bond ETF $JNK Stock Acquired by IFG Advisory LLC

IFG Advisory LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,768 shares of the exchange traded fund’s stock after buying an additional 6,927 shares during the quarter. IFG Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $7,027,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth $28,000. Eastern Bank acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $35,000. Brown Lisle Cummings Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 74.4% in the second quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares during the period. Legacy Wealth Managment LLC ID lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 98.5% in the first quarter. Legacy Wealth Managment LLC ID now owns 524 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 260 shares during the period. Finally, Pacifica Partners Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 174.6% during the 2nd quarter. Pacifica Partners Inc. now owns 1,126 shares of the exchange traded fund’s stock worth $108,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK traded down $0.10 during trading on Friday, hitting $92.32. 1,940,245 shares of the company were exchanged, compared to its average volume of 4,026,314. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $91.71 and a 1 year high of $98.03. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 19.96 and a beta of 0.43. The firm’s fifty day moving average price is $93.23 and its 200 day moving average price is $95.49.

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.