Prentice Wealth Management LLC Takes $776,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Prentice Wealth Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, HoldingsChannel reports. The firm purchased 8,132 shares of the exchange traded fund’s stock, valued at approximately $776,000.

A number of other institutional investors have also recently made changes to their positions in JNK. JPMorgan Chase & Co. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after acquiring an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after purchasing an additional 1,963,931 shares during the period. BNP Paribas Financial Markets lifted its position in SPDR Bloomberg High Yield Bond ETF by 401.4% during the third quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after purchasing an additional 621,906 shares during the period. Pacific Asset Management LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 27.7% in the third quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after purchasing an additional 190,796 shares during the last quarter. Finally, Strategic Investment Management LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $17,441,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $96.63 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year high of $97.90. The business’s fifty day moving average price is $96.15 and its 200-day moving average price is $96.48.

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.