Gerber Kawasaki Wealth & Investment Management Has $17.66 Million Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Gerber Kawasaki Wealth & Investment Management raised its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,998 shares of the exchange traded fund’s stock after purchasing an additional 10,329 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $17,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Valley National Advisers Inc. acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $29,000. Creative Financial Designs Inc. ADV grew its position in SPDR Bloomberg High Yield Bond ETF by 38.8% during the 4th 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 during the last quarter. Realta Investment Advisors increased its holdings in 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 purchasing an additional 210 shares in the last quarter. Transce3nd LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $53,000. Finally, Boyd Watterson Asset Management LLC OH boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3,658.5% during 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. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.02 on Friday. The business has a 50 day moving average of $94.89 and a 200-day moving average of $95.89. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.41 and a 1 year high of $97.90. The company has a market capitalization of $6.35 billion, a P/E ratio of 19.36 and a beta of 0.43.

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.