Schaeffer Financial LLC Takes $220,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Schaeffer Financial LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,301 shares of the exchange traded fund’s stock, valued at approximately $220,000. SPDR Bloomberg High Yield Bond ETF accounts for 0.2% of Schaeffer Financial LLC’s portfolio, making the stock its 15th biggest holding.

A number of other large investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $37,000. Blue Trust Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 285 shares in the last quarter. Finally, Realta Investment Advisors increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.77 on Friday. The company’s fifty day moving average is $96.15 and its 200-day moving average is $96.47. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.47 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.