Virtus Fixed Income Advisers LLC Takes $1.88 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Virtus Fixed Income Advisers LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,307 shares of the exchange traded fund’s stock, valued at approximately $1,878,000. SPDR Bloomberg High Yield Bond ETF comprises about 1.7% of Virtus Fixed Income Advisers LLC’s portfolio, making the stock its 8th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. grew its position in 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 worth $103,000 after purchasing an additional 124 shares during the last quarter. Pure Financial Advisors LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.2% during the second quarter. Pure Financial Advisors LLC now owns 11,438 shares of the exchange traded fund’s stock worth $1,113,000 after buying an additional 136 shares during the period. Comerica Bank grew its holdings in SPDR Bloomberg High Yield Bond ETF by 0.5% in the 1st quarter. Comerica Bank now owns 41,472 shares of the exchange traded fund’s stock worth $3,952,000 after buying an additional 194 shares in the last quarter. Western Wealth Management LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF by 7.6% in the 2nd quarter. Western Wealth Management LLC now owns 2,752 shares of the exchange traded fund’s stock worth $268,000 after buying an additional 194 shares in the last quarter. Finally, Truvestments Capital LLC increased its position in 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. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $97.11 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The stock has a fifty day moving average of $97.21 and a two-hundred day moving average of $96.87. The firm has a market capitalization of $8.13 billion, a PE ratio of 19.96 and a beta of 0.42.

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.