Toews Corp ADV Makes New Investment in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Toews Corp ADV purchased a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 738,300 shares of the exchange traded fund’s stock, valued at approximately $69,939,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 16.6% of Toews Corp ADV’s investment portfolio, making the stock its 3rd biggest position. Toews Corp ADV owned about 0.80% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stonehage Fleming Financial Services Holdings Ltd grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 296.8% during the third quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 18,245 shares of the exchange traded fund’s stock valued at $1,649,000 after buying an additional 13,647 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% during the third quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 16,791 shares of the exchange traded fund’s stock valued at $1,518,000 after buying an additional 275 shares during the last quarter. ProVise Management Group LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.7% in the third quarter. ProVise Management Group LLC now owns 19,285 shares of the exchange traded fund’s stock valued at $1,743,000 after purchasing an additional 9,866 shares during the last quarter. NewSquare Capital LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 3.2% in the third quarter. NewSquare Capital LLC now owns 96,013 shares of the exchange traded fund’s stock valued at $8,562,000 after purchasing an additional 2,956 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 8.1% in the third quarter. LPL Financial LLC now owns 688,960 shares of the exchange traded fund’s stock worth $62,282,000 after acquiring an additional 51,902 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.5 %

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.33 on Thursday. The firm has a 50-day simple moving average of $94.61 and a two-hundred day simple moving average of $92.75. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $87.79 and a fifty-two week high of $95.59.

SPDR Bloomberg High Yield Bond ETF 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.