Everstar Asset Management LLC Purchases New Position in SPDR Bloomberg High Yield Bond ETF $JNK

Everstar Asset Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the first quarter, Holdings Channel reports. The institutional investor purchased 6,955 shares of the exchange traded fund’s stock, valued at approximately $663,000.

Other hedge funds have also modified their holdings of the company. North Capital Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $32,000. Ameriflex Group Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $34,000. Truvestments Capital LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares during the period. Finally, Hoey Investments Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $54,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.51 on Monday. The company has a market capitalization of $8.30 billion, a P/E ratio of 19.96 and a beta of 0.45. The company’s 50 day moving average price is $96.91 and its two-hundred day moving average price is $95.78. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $97.90.

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.