SPDR Bloomberg High Yield Bond ETF $JNK Position Raised by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 38.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,481 shares of the exchange traded fund’s stock after purchasing an additional 5,658 shares during the period. Cordatus Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Key Financial Inc bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $34,000. First Community Trust NA acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $39,000. Trust Co. of Vermont raised its position in SPDR Bloomberg High Yield Bond ETF by 41,800.0% in the third quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 418 shares in the last quarter. Beacon Capital Management Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth about $52,000. Finally, Beacon Capital Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $56,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3%

NYSEARCA:JNK opened at $97.50 on Tuesday. The company has a 50-day moving average of $97.08 and a 200-day moving average of $97.13. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24.

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.