Hillcrest Wealth Advisors NY LLC Buys 5,670 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Hillcrest Wealth Advisors NY LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 42.3% in the 1st quarter, HoldingsChannel reports. The firm owned 19,065 shares of the exchange traded fund’s stock after buying an additional 5,670 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 0.7% of Hillcrest Wealth Advisors NY LLC’s portfolio, making the stock its 23rd biggest position. Hillcrest Wealth Advisors NY LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,825,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of JNK. State Street Corp grew its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after purchasing an additional 1,577,119 shares during the period. Assetmark Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% in the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after buying an additional 203,301 shares during the period. Wells Fargo & Company MN raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,445,353 shares of the exchange traded fund’s stock valued at $529,343,000 after buying an additional 223,339 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% in the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after buying an additional 61,514 shares during the period. Finally, American Family Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at $202,974,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA JNK opened at $95.99 on Friday. The stock has a market capitalization of $7.44 billion, a PE ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The business’s fifty day moving average price is $96.26 and its 200-day moving average price is $96.66.

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.