Geneos Wealth Management Inc. Has $2.02 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Geneos Wealth Management Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 30.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,204 shares of the exchange traded fund’s stock after acquiring an additional 4,895 shares during the period. Geneos Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Lido Advisors LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% during the 4th quarter. Lido Advisors LLC now owns 11,534 shares of the exchange traded fund’s stock worth $1,101,000 after purchasing an additional 120 shares during the last quarter. Novak & Powell Financial Services Inc. increased its stake in shares of 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 worth $541,000 after purchasing an additional 122 shares during the last quarter. Hillcrest Wealth Advisors NY LLC increased its stake in shares of 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 worth $748,000 after purchasing an additional 125 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% during the 4th quarter. Advisory Services Network LLC now owns 8,144 shares of the exchange traded fund’s stock worth $778,000 after purchasing an additional 134 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 0.6% during the 4th quarter. Captrust Financial Advisors now owns 26,536 shares of the exchange traded fund’s stock worth $2,533,000 after purchasing an additional 147 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.85 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $97.90. The firm has a market cap of $8.26 billion, a P/E ratio of 19.96 and a beta of 0.45. The firm’s 50-day simple moving average is $96.30 and its 200 day simple moving average is $95.69.

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.