TD Private Client Wealth LLC Increases Stock Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

TD Private Client Wealth LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 63.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,898 shares of the exchange traded fund’s stock after purchasing an additional 1,122 shares during the period. TD Private Client Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtue Capital Management LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 1.2% during the 3rd quarter. Virtue Capital Management LLC now owns 17,700 shares of the exchange traded fund’s stock valued at $1,731,000 after purchasing an additional 218 shares in the last quarter. MidWestOne Financial Group Inc. grew its position in shares of SPDR Bloomberg High Yield Bond ETF by 18.5% during the third quarter. MidWestOne Financial Group Inc. now owns 13,128 shares of the exchange traded fund’s stock worth $1,284,000 after buying an additional 2,050 shares in the last quarter. Brophy Wealth Management LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth $1,081,000. Continuum Advisory LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 254.2% in the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock valued at $162,000 after acquiring an additional 1,205 shares in the last quarter. Finally, SGL Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter valued at $613,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $96.43 on Friday. The firm has a fifty day moving average of $96.70 and a two-hundred day moving average of $95.97. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $92.47 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.