Prospera Financial Services Inc Boosts Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Prospera Financial Services Inc lifted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.2% in the second quarter, Holdings Channel reports. The firm owned 84,399 shares of the exchange traded fund’s stock after acquiring an additional 4,183 shares during the period. Prospera Financial Services Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $8,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter valued at approximately $32,000. Key Financial Inc purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $34,000. Truvestments Capital LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares during the period. Beacon Capital Management LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $56,000. Finally, Realta Investment Advisors raised its position in SPDR Bloomberg High Yield Bond ETF by 38.5% in the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 171 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.76 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $90.40 and a 1 year high of $98.24. The company has a market capitalization of $8.10 billion, a P/E ratio of 19.96 and a beta of 0.42. The company’s fifty day moving average is $97.45 and its two-hundred day moving average is $96.61.

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.