Sequoia Financial Advisors LLC Takes $12.05 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Sequoia Financial Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 126,199 shares of the exchange traded fund’s stock, valued at approximately $12,048,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Idaho Trust Bank boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 11.7% in the 4th quarter. Idaho Trust Bank now owns 115,983 shares of the exchange traded fund’s stock valued at $11,073,000 after purchasing an additional 12,114 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 97.9% in the 4th quarter. HighTower Advisors LLC now owns 69,398 shares of the exchange traded fund’s stock valued at $6,625,000 after purchasing an additional 34,339 shares in the last quarter. Global View Capital Management LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $1,347,000. Vista Investment Partners II LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $648,000. Finally, Independent Advisor Alliance bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $539,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

SPDR Bloomberg High Yield Bond ETF stock opened at $95.40 on Thursday. The stock has a 50-day simple moving average of $96.35 and a 200 day simple moving average of $96.54. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

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.