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

Sowell Financial Services LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,464 shares of the exchange traded fund’s stock, valued at approximately $1,572,000.

Other large investors also recently modified their holdings of the company. Axis Wealth Partners LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $269,000. Personal CFO Solutions LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 2.5% in the fourth quarter. Personal CFO Solutions LLC now owns 16,676 shares of the exchange traded fund’s stock valued at $1,592,000 after purchasing an additional 400 shares during the period. Rialto Wealth Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $1,596,000. Larson Financial Group LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 7.1% in the fourth quarter. Larson Financial Group LLC now owns 36,072 shares of the exchange traded fund’s stock valued at $3,444,000 after purchasing an additional 2,383 shares during the period. Finally, Banco Santander S.A. increased its holdings in SPDR Bloomberg High Yield Bond ETF by 2.8% in the fourth quarter. Banco Santander S.A. now owns 6,810 shares of the exchange traded fund’s stock valued at $650,000 after purchasing an additional 185 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.4 %

NYSEARCA JNK opened at $95.74 on Tuesday. The stock has a fifty day simple moving average of $96.35 and a 200 day simple moving average of $96.57. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve month high of $97.90. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

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.