Private Client Services LLC Buys 7,448 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Private Client Services LLC raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 86.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,060 shares of the exchange traded fund’s stock after purchasing an additional 7,448 shares during the quarter. Private Client Services LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,574,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Key Financial Inc purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth $34,000. First Community Trust NA bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $39,000. Truvestments Capital LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 73.9% during the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 212 shares during the period. Beacon Capital Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $52,000. Finally, Beacon Capital Management LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $56,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

Shares of JNK stock opened at $96.82 on Monday. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The stock has a fifty day moving average of $97.11 and a 200 day moving average of $97.02. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

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.