ESL Trust Services LLC Takes Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

ESL Trust Services LLC bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 766 shares of the exchange traded fund’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNK. Janney Montgomery Scott LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 163.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,368 shares of the exchange traded fund’s stock worth $1,463,000 after buying an additional 9,539 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,881 shares of the exchange traded fund’s stock valued at $750,000 after acquiring an additional 952 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 12,215 shares of the exchange traded fund’s stock valued at $1,163,000 after purchasing an additional 1,463 shares in the last quarter. Donoghue Forlines LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 64.8% in the first quarter. Donoghue Forlines LLC now owns 65,771 shares of the exchange traded fund’s stock valued at $6,261,000 after buying an additional 25,859 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 25.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock worth $259,047,000 after acquiring an additional 550,840 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $97.07 on Friday. The company has a 50-day moving average price of $96.84 and a 200 day moving average price of $95.50. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.22 and a twelve month high of $97.90.

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.