Novak & Powell Financial Services Inc. Has $541,000 Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Novak & Powell Financial Services Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,664 shares of the exchange traded fund’s stock after acquiring an additional 122 shares during the quarter. Novak & Powell Financial Services Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $541,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JNK. Valley National Advisers Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth about $29,000. Creative Financial Designs Inc. ADV grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Realta Investment Advisors increased its position in SPDR Bloomberg High Yield Bond ETF by 89.7% during the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 210 shares in the last quarter. Transce3nd LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $53,000. Finally, Aptus Capital Advisors LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 75.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 1,082 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 465 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.64 on Wednesday. The company’s 50 day moving average price is $94.47 and its two-hundred day moving average price is $95.70. The firm has a market capitalization of $6.49 billion, a P/E ratio of 19.81 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.41 and a fifty-two week high of $97.90.

About SPDR Bloomberg High Yield Bond ETF

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.