Summit Financial LLC Buys 2,662 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Summit Financial LLC grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,564 shares of the exchange traded fund’s stock after purchasing an additional 2,662 shares during the quarter. Summit Financial LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,968,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JNK. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $29,000. Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 118 shares during the period. Realta Investment Advisors increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 210 shares during the period. Boyd Watterson Asset Management LLC OH boosted its stake in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 1,500 shares during the period. Finally, Continuum Advisory LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 254.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 1,205 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $95.30 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48. The business’s fifty day moving average price is $96.26 and its two-hundred day moving average price is $96.45.

About SPDR Bloomberg High Yield Bond ETF

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.