Kestra Private Wealth Services LLC Purchases New Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Kestra Private Wealth Services LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,064 shares of the exchange traded fund’s stock, valued at approximately $480,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $28,000. Clearstead Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% in the 3rd quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 500 shares during the period. WealthShield Partners LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $55,000. Sandy Spring Bank acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth about $56,000. Finally, Provence Wealth Management Group acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $60,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $94.37 on Tuesday. The stock has a 50 day simple moving average of $94.18 and a 200-day simple moving average of $93.50. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month high of $95.59.

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.