1,841 Shares in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Bought by WealthTrak Capital Management LLC

WealthTrak Capital Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,841 shares of the exchange traded fund’s stock, valued at approximately $176,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $29,000. Creative Financial Designs Inc. ADV grew its holdings in SPDR Bloomberg High Yield Bond ETF by 38.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Realta Investment Advisors grew its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 210 shares during the period. Boyd Watterson Asset Management LLC OH increased its stake in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 254.2% in the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock worth $162,000 after purchasing an additional 1,205 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

JNK opened at $95.21 on Friday. The company has a fifty day simple moving average of $96.29 and a 200 day simple moving average of $96.46. The stock has a market cap of $7.87 billion, a P/E ratio of 20.14 and a beta of 0.48. 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 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.