Stanich Group LLC Purchases New Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Stanich Group LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,500 shares of the exchange traded fund’s stock, valued at approximately $716,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 0.5% of Stanich Group LLC’s holdings, making the stock its 27th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $30,000. Valley National Advisers Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $29,000. Truvestments Capital LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $37,000. Blue Trust Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 285 shares during the last quarter. Finally, Realta Investment Advisors lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 210 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.68 on Friday. The firm’s 50-day moving average is $96.17 and its 200-day moving average is $96.43. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90.

SPDR Bloomberg High Yield Bond ETF 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.