1620 Investment Advisors Inc. Invests $48,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

1620 Investment Advisors Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 505 shares of the exchange traded fund’s stock, valued at approximately $48,000.

A number of other large investors have also recently made changes to their positions in the stock. Jane Street Group LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 223.6% in the first quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock worth $242,307,000 after buying an additional 1,758,741 shares in the last quarter. Arch Capital Group LTD. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $100,794,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 25.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock valued at $259,047,000 after acquiring an additional 550,840 shares during the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $48,448,000. Finally, Dynasty Wealth Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter worth approximately $46,519,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock traded down $0.08 during trading on Thursday, hitting $96.35. 2,856,386 shares of the stock traded hands, compared to its average volume of 4,593,040. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $87.79 and a 52 week high of $96.52. The firm’s fifty day moving average is $94.99 and its 200-day moving average is $94.49.

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.