NewSquare Capital LLC Has $17.05 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

NewSquare Capital LLC raised its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,844 shares of the exchange traded fund’s stock after buying an additional 969 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises 1.4% of NewSquare Capital LLC’s portfolio, making the stock its 17th biggest position. NewSquare Capital LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $17,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of JNK. Valley National Advisers Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $30,000. Truvestments Capital LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $37,000. Realta Investment Advisors boosted its stake in SPDR Bloomberg High Yield Bond ETF by 89.7% in the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 210 shares during the last quarter. Finally, ESL Trust Services LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at approximately $75,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $96.27 on Wednesday. The company’s fifty day moving average is $96.30 and its 200-day moving average is $96.57. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve 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.