J.W. Cole Advisors Inc. Purchases 3,222 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

J.W. Cole Advisors Inc. boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 34.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,495 shares of the exchange traded fund’s stock after purchasing an additional 3,222 shares during the period. J.W. Cole Advisors Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JNK. Schechter Investment Advisors LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2.7% in the first quarter. Schechter Investment Advisors LLC now owns 7,117 shares of the exchange traded fund’s stock valued at $678,000 after acquiring an additional 190 shares in the last quarter. Stephens Inc. AR boosted its position in SPDR Bloomberg High Yield Bond ETF by 16.6% in the first quarter. Stephens Inc. AR now owns 17,983 shares of the exchange traded fund’s stock worth $1,714,000 after purchasing an additional 2,556 shares during the last quarter. CWM LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 12.6% in the 1st quarter. CWM LLC now owns 2,200 shares of the exchange traded fund’s stock valued at $210,000 after purchasing an additional 247 shares during the period. Edgestream Partners L.P. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $1,503,000. Finally, Catalyst Financial Partners LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 11.1% during the 1st quarter. Catalyst Financial Partners LLC now owns 5,330 shares of the exchange traded fund’s stock valued at $508,000 after purchasing an additional 532 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 Price Performance

NYSEARCA JNK opened at $97.26 on Wednesday. The business’s fifty day moving average is $97.45 and its 200-day moving average is $96.66. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one 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.