8,460 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Bought by Berkshire Money Management Inc.

Berkshire Money Management Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 8,460 shares of the exchange traded fund’s stock, valued at approximately $823,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JNK. North Capital Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $30,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $32,000. Truvestments Capital LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% during the first quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 212 shares in the last quarter. Hoey Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $54,000. Finally, Beacon Capital Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $56,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.1%

Shares of JNK stock opened at $97.47 on Monday. The firm has a market capitalization of $8.25 billion, a P/E ratio of 19.96 and a beta of 0.45. The stock’s fifty day simple moving average is $97.34 and its 200 day simple moving average is $96.02. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.40 and a twelve month high of $98.24.

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.