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

Keystone Financial Group acquired a new position in shares of 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. The firm acquired 2,331 shares of the exchange traded fund’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently bought and sold shares of JNK. Valley National Advisers Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV raised its holdings 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 acquiring an additional 118 shares in the last quarter. Realta Investment Advisors boosted its position in 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 valued at $43,000 after purchasing an additional 210 shares during the last quarter. Boyd Watterson Asset Management LLC OH grew its stake in SPDR Bloomberg High Yield Bond ETF by 3,658.5% in the fourth 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 in the last quarter. Finally, WealthTrak Capital Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $176,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.6 %

JNK stock opened at $92.93 on Tuesday. The firm has a 50 day moving average of $95.37 and a two-hundred day moving average of $96.08. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.41 and a 12 month high of $97.90. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 19.36 and a beta of 0.43.

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.