Prentice Wealth Management LLC Purchases New Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Prentice Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,132 shares of the exchange traded fund’s stock, valued at approximately $776,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alpha Financial Partners LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $838,000. Blue Trust Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares in the last quarter. Raymond James & Associates lifted its position in SPDR Bloomberg High Yield Bond ETF by 3.8% during the third quarter. Raymond James & Associates now owns 94,450 shares of the exchange traded fund’s stock valued at $9,236,000 after buying an additional 3,433 shares during the period. Harbour Trust & Investment Management Co boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 7.9% during the 3rd quarter. Harbour Trust & Investment Management Co now owns 34,963 shares of the exchange traded fund’s stock valued at $3,419,000 after buying an additional 2,556 shares in the last quarter. Finally, Canal Capital Management LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 2.4% in the 3rd quarter. Canal Capital Management LLC now owns 20,648 shares of the exchange traded fund’s stock worth $2,019,000 after buying an additional 489 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.63 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90. The company has a 50-day moving average of $96.15 and a 200 day moving average of $96.48.

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.