Westside Investment Management Inc. Acquires 527 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Westside Investment Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 9.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,160 shares of the exchange traded fund’s stock after acquiring an additional 527 shares during the quarter. Westside Investment Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $28,000. Transcendent Capital Group LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $41,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $47,000. Hexagon Capital Partners LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 102.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 511 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 258 shares in the last quarter. Finally, WealthShield Partners LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $55,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $94.20 on Thursday. SPDR Bloomberg High Yield Bond ETF has a one year low of $87.79 and a one year high of $95.59. The business has a fifty day moving average price of $94.19 and a 200-day moving average price of $94.34.

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.