SPDR Bloomberg High Yield Bond ETF $JNK Stock Bought by Milestone Asset Management LLC

Milestone Asset Management LLC raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 390.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,557 shares of the exchange traded fund’s stock after purchasing an additional 46,618 shares during the period. Milestone Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $5,431,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Signal Advisors Wealth LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 65.7% in the 1st quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock valued at $1,793,000 after buying an additional 7,428 shares during the period. Talon Private Wealth LLC grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 24.6% during the 2nd quarter. Talon Private Wealth LLC now owns 41,170 shares of the exchange traded fund’s stock valued at $3,968,000 after buying an additional 8,130 shares during the last quarter. World Investment Advisors grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 31.4% during the 4th quarter. World Investment Advisors now owns 32,946 shares of the exchange traded fund’s stock valued at $3,203,000 after buying an additional 7,874 shares during the last quarter. Blue Capital Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $766,000. Finally, Tucker Asset Management LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 1,398.2% during the second quarter. Tucker Asset Management LLC now owns 8,495 shares of the exchange traded fund’s stock worth $819,000 after acquiring an additional 7,928 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.4%

Shares of NYSEARCA JNK opened at $92.65 on Friday. The firm’s 50-day moving average price is $94.55 and its two-hundred day moving average price is $95.58. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.08. The stock has a market capitalization of $5.84 billion, a P/E ratio of 19.96 and a beta of 0.42.

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.