Nwam LLC Makes New $1.22 Million Investment in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Nwam LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,503 shares of the exchange traded fund’s stock, valued at approximately $1,223,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 54.8% during the 1st quarter. Advisors Asset Management Inc. now owns 3,061 shares of the exchange traded fund’s stock worth $291,000 after purchasing an additional 1,084 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth $46,519,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 24,200 shares of the exchange traded fund’s stock valued at $2,188,000 after acquiring an additional 2,521 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 788.4% during the 1st quarter. Global Financial Private Client LLC now owns 5,366 shares of the exchange traded fund’s stock valued at $506,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Jane Street Group LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 223.6% during the 1st quarter. Jane Street Group LLC now owns 2,545,240 shares of the exchange traded fund’s stock worth $242,307,000 after acquiring an additional 1,758,741 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $96.65 on Friday. The stock’s 50-day moving average is $96.84 and its 200-day moving average is $95.69. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $91.77 and a 1-year high of $97.90.

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.