PFG Investments LLC Increases Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

PFG Investments LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 36.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,746 shares of the exchange traded fund’s stock after purchasing an additional 1,531 shares during the quarter. PFG Investments LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $28,000. Transcendent Capital Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 102.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 511 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 258 shares during the last quarter. Finally, Clearstead Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% in the 3rd quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK traded up $0.29 during midday trading on Monday, reaching $94.02. 5,915,034 shares of the company were exchanged, compared to its average volume of 5,462,898. The stock has a fifty day simple moving average of $94.24 and a 200 day simple moving average of $93.31. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $87.79 and a 1 year high of $95.59.

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.