SVB Wealth LLC Makes New Investment in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

SVB Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,117 shares of the exchange traded fund’s stock, valued at approximately $298,000.

A number of other large investors have also made changes to their positions in the stock. Creative Financial Designs Inc. ADV acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter worth $30,000. Janney Montgomery Scott LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 16,512 shares of the exchange traded fund’s stock valued at $1,615,000 after acquiring an additional 567 shares during the period. Clarity Financial LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $205,000. White Lighthouse Investment Management Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 131.2% during the third quarter. White Lighthouse Investment Management Inc. now owns 6,611 shares of the exchange traded fund’s stock worth $646,000 after purchasing an additional 3,751 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 5.8% during the third quarter. Principal Financial Group Inc. now owns 15,612 shares of the exchange traded fund’s stock valued at $1,527,000 after purchasing an additional 859 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

SPDR Bloomberg High Yield Bond ETF stock opened at $96.31 on Thursday. The business has a 50 day simple moving average of $96.31 and a 200 day simple moving average of $96.57. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year 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.