Signal Advisors Wealth LLC Purchases 7,428 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Signal Advisors Wealth LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 65.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 18,735 shares of the exchange traded fund’s stock after purchasing an additional 7,428 shares during the quarter. Signal Advisors Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $26,000. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth $29,000. Evolution Wealth Management Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $35,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $35,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $96.25 on Wednesday. The company’s 50-day simple moving average is $96.37 and its 200 day simple moving average is $96.71. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.49 and a 52 week high of $98.24. The company has a market capitalization of $7.28 billion, a PE ratio of 19.96 and a beta of 0.41.

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.