Bank of Nova Scotia Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Bank of Nova Scotia purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 10,612 shares of the exchange traded fund’s stock, valued at approximately $1,016,000.

Several other institutional investors have also modified their holdings of JNK. Legacy Wealth Managment LLC ID purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $26,000. Brown Lisle Cummings Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $27,000. Ascentis Independent Advisors purchased a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $29,000. NFSG Corp raised its stake in SPDR Bloomberg High Yield Bond ETF by 78.3% during the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 141 shares during the period. Finally, Evolution Wealth Management Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 175 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 $95.39 on Thursday. The company’s 50-day moving average is $96.07 and its two-hundred day moving average is $96.48. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $94.49 and a 1-year high of $98.24. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

SPDR Bloomberg High Yield Bond ETF Company 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.