107,362 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, HoldingsChannel.com reports. The fund acquired 107,362 shares of the exchange traded fund’s stock, valued at approximately $9,958,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $28,000. Ascentis Independent Advisors bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth $29,000. NFSG Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares during the last quarter. Eastern Bank purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $35,000. Finally, Brown Lisle Cummings Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 74.4% during the second quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $93.21 on Wednesday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The company has a fifty day moving average of $94.03 and a 200 day moving average of $95.82. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $91.71 and a fifty-two week high of $98.03.

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.