SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) is Jessup Wealth Management Inc’s 4th Largest Position

Jessup Wealth Management Inc lifted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 12.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 108,895 shares of the exchange traded fund’s stock after acquiring an additional 12,361 shares during the quarter. SPDR Bloomberg High Yield Bond ETF comprises approximately 4.4% of Jessup Wealth Management Inc’s portfolio, making the stock its 4th largest holding. Jessup Wealth Management Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $10,367,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $28,000. Transcendent Capital Group LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $41,000. Beaird Harris Wealth Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $47,000. Hexagon Capital Partners LLC grew its stake in 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 valued at $48,000 after acquiring an additional 258 shares in the last quarter. Finally, WealthShield Partners LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $55,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK traded down $0.01 during trading hours on Friday, hitting $94.50. 1,942,683 shares of the company’s stock traded hands, compared to its average volume of 4,974,827. The business’s fifty day simple moving average is $94.15 and its two-hundred day simple moving average is $94.34. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week 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.