PFG Advisors Acquires New Position in SPDR Bloomberg High Yield Bond ETF $JNK

PFG Advisors acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,806 shares of the exchange traded fund’s stock, valued at approximately $273,000.

Other large investors also recently bought and sold shares of the company. Stephens Inc. AR increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% in the 1st quarter. Stephens Inc. AR now owns 17,983 shares of the exchange traded fund’s stock valued at $1,714,000 after acquiring an additional 2,556 shares during the last quarter. CWM LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 12.6% during the first quarter. CWM LLC now owns 2,200 shares of the exchange traded fund’s stock worth $210,000 after purchasing an additional 247 shares during the last quarter. Edgestream Partners L.P. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter worth $1,503,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 9,862.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,594 shares of the exchange traded fund’s stock worth $152,000 after purchasing an additional 1,578 shares during the period. Finally, Bridgewater Advisors Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter valued at $249,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $97.03 on Thursday. The company’s fifty day moving average is $97.45 and its two-hundred day moving average is $96.67. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

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.