Insight Wealth Strategies LLC Has $3.07 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Insight Wealth Strategies LLC trimmed its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,234 shares of the exchange traded fund’s stock after selling 314 shares during the period. Insight Wealth Strategies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $69,000. Wealthedge Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $337,000. Park Square Financial Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $2,120,000. Yoffe Investment Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $468,000. Finally, Ameriflex Group Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $34,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $95.68 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.41 and a 52 week high of $97.90. The firm has a market cap of $7.03 billion, a P/E ratio of 19.81 and a beta of 0.43. The firm’s 50-day simple moving average is $94.43 and its 200 day simple moving average is $95.66.

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.