Valley National Advisers Inc. Invests $29,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 306 shares of the exchange traded fund’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in JNK. Truist Financial Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 0.8% during the 2nd quarter. Truist Financial Corp now owns 77,898 shares of the exchange traded fund’s stock valued at $7,343,000 after buying an additional 581 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at about $61,000. Alpha Financial Partners LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at about $838,000. Insight Wealth Strategies LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 0.8% during the 3rd quarter. Insight Wealth Strategies LLC now owns 34,908 shares of the exchange traded fund’s stock valued at $3,414,000 after buying an additional 261 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 45.5% during the 3rd quarter. Brookstone Capital Management now owns 16,478 shares of the exchange traded fund’s stock valued at $1,611,000 after buying an additional 5,152 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.7 %

Shares of JNK opened at $96.10 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 and a 1-year high of $97.90. The company has a 50-day moving average of $96.27 and a 200 day moving average of $96.38.

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.