SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Bought by Milestone Asset Management LLC

Milestone Asset Management LLC increased its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKFree Report) by 86.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,212 shares of the exchange traded fund’s stock after acquiring an additional 9,367 shares during the quarter. Milestone Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,930,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JNK. Creative Financial Designs Inc. ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $37,000. Blue Trust Inc. increased 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 worth $38,000 after purchasing an additional 285 shares during the period. Fortitude Family Office LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $50,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $61,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $96.78 on Thursday. The stock’s 50-day moving average price is $96.28 and its 200 day moving average price is $96.35. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90.

About SPDR Bloomberg High Yield Bond ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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