Estate Counselors LLC Increases Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Estate Counselors LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,846 shares of the exchange traded fund’s stock after purchasing an additional 10,555 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for about 0.9% of Estate Counselors LLC’s holdings, making the stock its 15th biggest position. Estate Counselors LLC owned approximately 0.14% of SPDR Bloomberg High Yield Bond ETF worth $9,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at about $30,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth approximately $32,000. Ameriflex Group Inc. bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $34,000. Transce3nd LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $53,000. Finally, Hoey Investments Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at approximately $54,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1%

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.79 on Thursday. The business’s fifty day simple moving average is $96.65 and its 200 day simple moving average is $95.72. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $97.90. The firm has a market capitalization of $8.23 billion, a P/E ratio of 19.96 and a beta of 0.45.

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.