Financial Advocates Investment Management Purchases 574 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Financial Advocates Investment Management boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 27.3% during the fourth quarter, HoldingsChannel reports. The fund owned 2,678 shares of the exchange traded fund’s stock after buying an additional 574 shares during the quarter. Financial Advocates Investment Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $256,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.1% in the third quarter. Assetmark Inc. now owns 4,446,240 shares of the exchange traded fund’s stock valued at $434,798,000 after purchasing an additional 174,815 shares during the period. JPMorgan Chase & Co. grew its stake in SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after buying an additional 8,872,450 shares in the last quarter. World Investment Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock valued at $192,264,000 after acquiring an additional 1,963,931 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 13.7% during the third quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock worth $134,617,000 after acquiring an additional 165,682 shares in the last quarter. Finally, Pacific Asset Management LLC boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% in the third quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after acquiring an additional 190,796 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.3 %

Shares of NYSEARCA JNK opened at $96.24 on Monday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $92.47 and a fifty-two week high of $97.90. The stock has a fifty day moving average of $96.22 and a 200-day moving average of $96.41.

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.