Brookstone Capital Management Has $4.22 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Brookstone Capital Management lowered its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,144 shares of the exchange traded fund’s stock after selling 9,546 shares during the period. Brookstone Capital Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $4,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisory Alpha LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% during the fourth quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 105 shares during the period. Sharper & Granite LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% in the fourth quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock valued at $618,000 after buying an additional 107 shares during the period. Clearstead Advisors LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 8.5% during the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock worth $135,000 after buying an additional 108 shares in the last quarter. Parallel Advisors LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock worth $260,000 after buying an additional 120 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in SPDR Bloomberg High Yield Bond ETF by 17.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 812 shares of the exchange traded fund’s stock worth $80,000 after acquiring an additional 121 shares during the period. 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 $96.25 on Wednesday. The business has a fifty day moving average price of $96.37 and a two-hundred day moving average price of $96.71. The stock has a market capitalization of $7.28 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week 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.