Noesis Capital Mangement Corp Has $659,000 Position in SPDR Bloomberg High Yield Bond ETF $JNK

Noesis Capital Mangement Corp cut its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,770 shares of the exchange traded fund’s stock after selling 233 shares during the quarter. Noesis Capital Mangement Corp’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JNK. North Capital Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $30,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $32,000. Truvestments Capital LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 73.9% during the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock worth $48,000 after purchasing an additional 212 shares in the last quarter. Beacon Capital Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $56,000. Finally, Realta Investment Advisors increased its position in SPDR Bloomberg High Yield Bond ETF by 38.5% during the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 171 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $97.62 on Thursday. The company has a 50 day simple moving average of $97.52 and a 200 day simple moving average of $96.44. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24.

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.