IFG Advisory LLC Buys 2,254 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

IFG Advisory LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.5% in the fourth quarter, HoldingsChannel reports. The fund owned 67,148 shares of the exchange traded fund’s stock after acquiring an additional 2,254 shares during the period. IFG Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in SPDR Bloomberg High Yield Bond ETF by 16.3% in the 1st quarter. State Street Corp now owns 8,695,731 shares of the exchange traded fund’s stock worth $807,138,000 after purchasing an additional 1,216,011 shares during the period. BlackRock Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 105.0% in the 2nd quarter. BlackRock Inc. now owns 5,440,132 shares of the exchange traded fund’s stock worth $500,655,000 after purchasing an additional 2,785,988 shares during the period. Goldman Sachs Group Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,038,786 shares of the exchange traded fund’s stock worth $516,476,000 after purchasing an additional 219,094 shares during the period. Wright Fund Management LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 9.5% in the 3rd quarter. Wright Fund Management LLC now owns 4,796,606 shares of the exchange traded fund’s stock worth $433,613,000 after purchasing an additional 416,798 shares during the period. Finally, Assetmark Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 0.3% in the 3rd quarter. Assetmark Inc. now owns 3,498,112 shares of the exchange traded fund’s stock worth $316,229,000 after purchasing an additional 11,973 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $95.33 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $87.79 and a 1-year high of $95.59. The business has a 50 day simple moving average of $94.61 and a two-hundred day simple moving average of $92.75.

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.