Continuum Advisory LLC Purchases New Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Continuum Advisory LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,197 shares of the exchange traded fund’s stock, valued at approximately $790,000.

Other large investors have also recently bought and sold shares of the company. American Family Investments Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $202,974,000. Northwestern Mutual Investment Management Company LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $174,978,000. State Street Corp boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares in the last quarter. TD Asset Management Inc bought a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $80,090,000. Finally, Meeder Asset Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $49,475,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $95.30 on Friday. The business has a fifty day moving average price of $95.83 and a two-hundred day moving average price of $96.14. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The stock has a market capitalization of $6.89 billion, a PE ratio of 19.96 and a beta of 0.41.

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.