Continuum Advisory LLC Invests $790,000 in SPDR Bloomberg High Yield Bond ETF $JNK

Continuum Advisory LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,197 shares of the exchange traded fund’s stock, valued at approximately $790,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its position in SPDR Bloomberg High Yield Bond ETF by 16.6% in the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after buying an additional 629 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 124 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after buying an additional 15,491 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after buying an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.1% in the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after acquiring an additional 712 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

NYSEARCA JNK opened at $95.30 on Friday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The business’s fifty day moving average is $95.83 and its 200 day moving average is $96.14.

SPDR Bloomberg High Yield Bond ETF 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.