Schechter Investment Advisors LLC Increases Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Schechter Investment Advisors LLC grew its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,927 shares of the exchange traded fund’s stock after acquiring an additional 207 shares during the period. Schechter Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Financial Services Advisory Inc grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 0.8% during the fourth quarter. Financial Services Advisory Inc now owns 107,397 shares of the exchange traded fund’s stock worth $10,253,000 after buying an additional 881 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth approximately $214,000. SBI Securities Co. Ltd. acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $1,943,000. Modera Wealth Management LLC increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 155.1% in the 4th quarter. Modera Wealth Management LLC now owns 27,687 shares of the exchange traded fund’s stock valued at $2,643,000 after purchasing an additional 16,834 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 2,222.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,230 shares of the exchange traded fund’s stock valued at $213,000 after purchasing an additional 2,134 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 Trading Down 0.1 %

Shares of JNK stock opened at $96.27 on Wednesday. The firm has a fifty day moving average price of $96.30 and a 200 day moving average price of $96.57. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $92.47 and a 12 month high of $97.90.

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.