Global Assets Advisory LLC Takes $303,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Global Assets Advisory LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,117 shares of the exchange traded fund’s stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 11.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,175 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 121 shares during the last quarter. Private Client Services LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 5.2% during the 2nd quarter. Private Client Services LLC now owns 2,476 shares of the exchange traded fund’s stock valued at $233,000 after purchasing an additional 123 shares during the last quarter. Founders Financial Securities LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.8% during the 1st quarter. Founders Financial Securities LLC now owns 4,831 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 130 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.2% during the 2nd quarter. Hancock Whitney Corp now owns 4,512 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 142 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,454 shares of the exchange traded fund’s stock valued at $420,000 after purchasing an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.3 %

Shares of JNK opened at $96.21 on Thursday. The stock has a fifty day moving average price of $96.85 and a 200-day moving average price of $95.24. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $88.31 and a 12 month high of $97.90.

SPDR Bloomberg High Yield Bond ETF Company 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.