Milestone Asset Management LLC Has $1.93 Million Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Milestone Asset Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 86.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,212 shares of the exchange traded fund’s stock after purchasing an additional 9,367 shares during the period. Milestone Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,930,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JNK. Creative Financial Designs Inc. ADV purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $30,000. Truvestments Capital LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $37,000. Blue Trust Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 285 shares during the last quarter. Fortitude Family Office LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $50,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $61,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.78 on Thursday. The firm’s 50 day moving average is $96.28 and its 200 day moving average is $96.35. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.47 and a 12 month 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.