Bank of Nova Scotia Makes New $1.02 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Bank of Nova Scotia bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,612 shares of the exchange traded fund’s stock, valued at approximately $1,016,000.

A number of other large investors have also modified their holdings of the business. Signature Equity Partners LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 87.0% in the first quarter. Signature Equity Partners LLC now owns 1,210 shares of the exchange traded fund’s stock worth $116,000 after buying an additional 563 shares in the last quarter. First Trust Advisors LP grew its stake in SPDR Bloomberg High Yield Bond ETF by 2.1% during the 1st quarter. First Trust Advisors LP now owns 49,992 shares of the exchange traded fund’s stock valued at $4,785,000 after acquiring an additional 1,009 shares in the last quarter. Legacy Wealth Managment LLC ID grew its stake in SPDR Bloomberg High Yield Bond ETF by 98.5% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 524 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 260 shares in the last quarter. Beta Wealth Group Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter valued at about $3,246,000. Finally, Meeder Asset Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $49,475,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.2%

JNK stock opened at $95.39 on Thursday. The firm has a 50-day moving average of $96.07 and a two-hundred day moving average of $96.48. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $94.49 and a 12 month high of $98.24. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.