Rialto Wealth Management LLC Increases Holdings in SPDR Bloomberg High Yield Bond ETF $JNK

Rialto Wealth Management LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 11.8% in the second quarter, HoldingsChannel.com reports. The fund owned 18,387 shares of the exchange traded fund’s stock after buying an additional 1,947 shares during the quarter. Rialto Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,789,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JNK. MJT & Associates Financial Advisory Group Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth approximately $32,000. Key Financial Inc purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at approximately $34,000. Truvestments Capital LLC grew its holdings 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 valued at $48,000 after buying an additional 212 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $56,000. Finally, Realta Investment Advisors lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 38.5% in the first quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 171 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 Stock Performance

Shares of NYSEARCA:JNK opened at $96.76 on Friday. The firm has a fifty day moving average price of $97.45 and a 200 day moving average price of $96.59. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.40 and a fifty-two week high of $98.24. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42.

SPDR Bloomberg High Yield Bond ETF Profile

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.