TI Trust Inc. Buys 1,892 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

TI Trust Inc. lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 8.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,280 shares of the exchange traded fund’s stock after buying an additional 1,892 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 1.5% of TI Trust Inc.’s investment portfolio, making the stock its 16th largest holding. TI Trust Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,219,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 162,100.0% during the 1st quarter. NBC Securities Inc. now owns 1,622 shares of the exchange traded fund’s stock worth $154,000 after acquiring an additional 1,621 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at $372,000. Avantax Advisory Services Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 19.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 7,753 shares of the exchange traded fund’s stock valued at $740,000 after purchasing an additional 1,275 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $26,728,000. Finally, Principal Financial Group Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 239.1% during the 4th quarter. Principal Financial Group Inc. now owns 52,937 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 37,325 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.71 on Thursday. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The firm has a 50-day moving average of $95.29 and a 200-day moving average of $95.53. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.41 and a one year high of $97.90.

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.