Nwam LLC Buys New Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Nwam LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,503 shares of the exchange traded fund’s stock, valued at approximately $1,223,000.

Several other hedge funds also recently made changes to their positions in JNK. Redmont Wealth Advisors LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $30,000. Olistico Wealth LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $35,000. Finally, Blue Trust Inc. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 285 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $96.65 on Friday. The firm’s fifty day moving average price is $96.84 and its two-hundred day moving average price is $95.69. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $91.77 and a 1 year high of $97.90.

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.