SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Bought by Park Avenue Institutional Advisers LLC

Park Avenue Institutional Advisers LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 340.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,440 shares of the exchange traded fund’s stock after purchasing an additional 72,240 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 17.0% of Park Avenue Institutional Advisers LLC’s holdings, making the stock its 3rd largest position. Park Avenue Institutional Advisers LLC owned approximately 0.12% of SPDR Bloomberg High Yield Bond ETF worth $9,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at approximately $30,000. Olistico Wealth LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $35,000. Finally, Blue Trust Inc. raised 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 last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK traded up $0.21 during trading on Friday, hitting $97.07. The stock had a trading volume of 5,349,185 shares, compared to its average volume of 3,541,299. The company’s 50-day moving average price is $96.84 and its 200 day moving average price is $95.50. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $90.22 and a twelve month 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.