SPDR Bloomberg High Yield Bond ETF $JNK Stock: Milestone Asset Management LLC Increases Holdings

Milestone Asset Management LLC raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 390.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,557 shares of the exchange traded fund’s stock after purchasing an additional 46,618 shares during the quarter. Milestone Asset Management LLC owned about 0.09% of SPDR Bloomberg High Yield Bond ETF worth $5,431,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Activest Wealth Management raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 250.5% during the 3rd quarter. Activest Wealth Management now owns 4,406 shares of the exchange traded fund’s stock valued at $409,000 after buying an additional 3,149 shares during the period. Financial & Tax Architects LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 12.5% during the 3rd quarter. Financial & Tax Architects LLC now owns 58,838 shares of the exchange traded fund’s stock worth $5,457,000 after acquiring an additional 6,548 shares in the last quarter. Brindle & Bay Financial Advisors LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 58.6% in the 3rd quarter. Brindle & Bay Financial Advisors LLC now owns 115,154 shares of the exchange traded fund’s stock worth $10,681,000 after acquiring an additional 42,531 shares during the period. MPS Loria Financial Planners LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 36.1% in the 3rd quarter. MPS Loria Financial Planners LLC now owns 3,986 shares of the exchange traded fund’s stock worth $370,000 after acquiring an additional 1,057 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 1.0% in the 3rd quarter. Sound Income Strategies LLC now owns 58,602 shares of the exchange traded fund’s stock worth $5,434,000 after acquiring an additional 563 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.4%

Shares of NYSEARCA:JNK opened at $92.65 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.08. The company has a 50 day moving average of $94.55 and a two-hundred day moving average of $95.58. The company has a market capitalization of $5.84 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.