J.W. Cole Advisors Inc. Boosts Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

J.W. Cole Advisors Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.7% in the fourth quarter, Holdings Channel reports. The firm owned 4,712 shares of the exchange traded fund’s stock after buying an additional 455 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $28,000. Clearstead Advisors LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% during the 3rd quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock worth $50,000 after purchasing an additional 500 shares during the last quarter. WealthShield Partners LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $55,000. Sandy Spring Bank acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $56,000. Finally, Provence Wealth Management Group acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $60,000. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $93.84 on Wednesday. The business has a 50-day moving average price of $94.28 and a 200 day moving average price of $93.20. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $87.79 and a 12-month 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.