Prentice Wealth Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,026 shares of the exchange traded fund’s stock, valued at approximately $1,765,000.
Other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% in the first quarter. Banque Cantonale Vaudoise now owns 920 shares of the exchange traded fund’s stock valued at $88,000 after purchasing an additional 108 shares during the period. Intergy Private Wealth LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.9% during the 1st quarter. Intergy Private Wealth LLC now owns 3,337 shares of the exchange traded fund’s stock valued at $319,000 after buying an additional 125 shares in the last quarter. Stephens Inc. AR boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 0.7% in the 1st quarter. Stephens Inc. AR now owns 19,034 shares of the exchange traded fund’s stock worth $1,822,000 after buying an additional 132 shares during the period. NFSG Corp boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 141 shares during the period. Finally, Sunbeam Capital Management LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 1.0% in the 1st quarter. Sunbeam Capital Management LLC now owns 15,497 shares of the exchange traded fund’s stock worth $1,483,000 after buying an additional 147 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Performance
SPDR Bloomberg High Yield Bond ETF stock traded down $0.03 during mid-day trading on Tuesday, reaching $92.23. The company’s stock had a trading volume of 1,545,620 shares, compared to its average volume of 4,071,245. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $91.71 and a 12-month high of $98.08. The company has a market capitalization of $5.69 billion, a P/E ratio of 19.96 and a beta of 0.42. The firm’s fifty day moving average price is $94.41 and its two-hundred day moving average price is $95.54.
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.
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