Toews Corp ADV Buys Shares of 738,300 SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Toews Corp ADV acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 738,300 shares of the exchange traded fund’s stock, valued at approximately $69,939,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 16.6% of Toews Corp ADV’s holdings, making the stock its 3rd biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. PFG Investments LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $399,000. Schechter Investment Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 975.9% during the fourth quarter. Schechter Investment Advisors LLC now owns 89,210 shares of the exchange traded fund’s stock worth $8,451,000 after acquiring an additional 80,918 shares during the period. Raymond James & Associates increased its position in SPDR Bloomberg High Yield Bond ETF by 18.8% during the fourth quarter. Raymond James & Associates now owns 54,574 shares of the exchange traded fund’s stock worth $5,170,000 after acquiring an additional 8,637 shares during the period. Jessup Wealth Management Inc increased its position in SPDR Bloomberg High Yield Bond ETF by 59.3% during the fourth quarter. Jessup Wealth Management Inc now owns 96,534 shares of the exchange traded fund’s stock worth $9,145,000 after acquiring an additional 35,921 shares during the period. Finally, CoreCap Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 1.4% during the fourth quarter. CoreCap Advisors LLC now owns 93,558 shares of the exchange traded fund’s stock worth $8,863,000 after acquiring an additional 1,269 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $95.33 on Thursday. The company’s fifty day moving average price is $94.61 and its two-hundred day moving average price is $92.75. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $87.79 and a 52-week high of $95.59.

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.