Cypress Financial Planning LLC Invests $299,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Cypress Financial Planning LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,131 shares of the exchange traded fund’s stock, valued at approximately $299,000.

Other large investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at $29,000. Creative Financial Designs Inc. ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at about $30,000. Truvestments Capital LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $37,000. Blue Trust Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 285 shares during the period. Finally, Fortitude Family Office LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $50,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.30 on Tuesday. The company’s 50 day simple moving average is $96.31 and its 200-day simple moving average is $96.18. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year 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.