Cibc World Market Inc. Buys Shares of 3,349 SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Cibc World Market Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKGet Rating) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,349 shares of the exchange traded fund’s stock, valued at approximately $304,000.

Other hedge funds also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 215.4% during the second quarter. Selective Wealth Management Inc. now owns 287 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 196 shares in the last quarter. Estate Counselors LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at about $29,000. Patriot Financial Group Insurance Agency LLC raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 87.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 305 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Charter Oak Capital Management LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $33,000. Finally, HBC Financial Services PLLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at about $34,000. 76.41% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $92.16 on Thursday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $86.28 and a fifty-two week high of $108.93. The firm’s 50-day simple moving average is $89.61 and its 200 day simple moving average is $92.56.

SPDR Bloomberg High Yield Bond ETF Profile

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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.

See Also

Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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