Conservest Capital Advisors Inc. Purchases Shares of 2,087 SPDR Bloomberg High Yield Bond ETF $JNK

Conservest Capital Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,087 shares of the exchange traded fund’s stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JNK. Toews Corp ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $51,699,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $45,947,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 10.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,723,655 shares of the exchange traded fund’s stock valued at $354,458,000 after acquiring an additional 360,678 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $21,964,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 961.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 223,000 shares of the exchange traded fund’s stock valued at $21,691,000 after acquiring an additional 202,000 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3%

Shares of NYSEARCA JNK opened at $97.74 on Friday. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 19.96 and a beta of 0.45. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $90.40 and a 1-year high of $98.24. The stock’s 50-day moving average is $97.46 and its 200 day moving average is $96.32.

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.