SageView Advisory Group LLC Increases Stake in SPDR Bloomberg High Yield Bond ETF $JNK

SageView Advisory Group LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,793 shares of the exchange traded fund’s stock after purchasing an additional 714 shares during the period. SageView Advisory Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Novak & Powell Financial Services Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 2.2% during the 4th quarter. Novak & Powell Financial Services Inc. now owns 5,664 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 122 shares during the last quarter. Hillcrest Wealth Advisors NY LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 1.6% during the 1st quarter. Hillcrest Wealth Advisors NY LLC now owns 7,848 shares of the exchange traded fund’s stock valued at $748,000 after purchasing an additional 125 shares during the last quarter. Harbour Trust & Investment Management Co grew its position in SPDR Bloomberg High Yield Bond ETF by 0.6% during the 1st quarter. Harbour Trust & Investment Management Co now owns 25,050 shares of the exchange traded fund’s stock valued at $2,387,000 after purchasing an additional 147 shares during the last quarter. Private Trust Co. NA grew its position in SPDR Bloomberg High Yield Bond ETF by 3.3% during the 1st quarter. Private Trust Co. NA now owns 5,243 shares of the exchange traded fund’s stock valued at $500,000 after purchasing an additional 167 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA lifted its stake in SPDR Bloomberg High Yield Bond ETF by 1.3% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 12,912 shares of the exchange traded fund’s stock valued at $1,231,000 after acquiring an additional 171 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 Performance

JNK opened at $97.49 on Thursday. The stock has a market capitalization of $8.29 billion, a P/E ratio of 19.96 and a beta of 0.45. The company’s 50-day simple moving average is $96.94 and its two-hundred day simple moving average is $95.81. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $97.90.

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.