Prentice Wealth Management LLC Buys New Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Prentice Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, Holdings Channel.com reports. The firm purchased 19,026 shares of the exchange traded fund’s stock, valued at approximately $1,765,000.

A number of other institutional investors and hedge funds have also bought and sold shares of JNK. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 19.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 322,637 shares of the exchange traded fund’s stock valued at $29,925,000 after purchasing an additional 52,220 shares during the period. Smithbridge Asset Management Inc. DE purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $251,000. Worth Financial Advisory Group LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $248,000. SteelPeak Wealth LLC boosted its position in SPDR Bloomberg High Yield Bond ETF by 16.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 3,583 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 512 shares during the period. Finally, IFP Advisors Inc boosted its position in SPDR Bloomberg High Yield Bond ETF by 51.0% during the 3rd quarter. IFP Advisors Inc now owns 11,261 shares of the exchange traded fund’s stock valued at $1,044,000 after buying an additional 3,803 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock traded down $0.03 during trading hours on Tuesday, reaching $92.23. The stock had a trading volume of 1,545,620 shares, compared to its average volume of 4,071,245. The stock has a market cap of $5.69 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08. The company has a fifty day simple moving average of $94.41 and a 200-day simple moving average of $95.54.

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.