Turtle Creek Wealth Advisors LLC Makes New $1.25 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,853 shares of the exchange traded fund’s stock, valued at approximately $1,249,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JNK. Creative Planning grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after buying an additional 629 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 124 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after buying an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after purchasing an additional 13,500 shares during the period. Finally, Ieq Capital LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after purchasing an additional 712 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA:JNK opened at $96.74 on Friday. The firm has a market cap of $7.22 billion, a PE ratio of 19.96 and a beta of 0.43. The firm’s fifty day moving average is $96.36 and its 200-day moving average is $96.95. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $94.18 and a 52 week high of $98.24.

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.