SPDR Bloomberg High Yield Bond ETF $JNK Shares Bought by Landmark Wealth Management Inc.

Landmark Wealth Management Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 228.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,045 shares of the exchange traded fund’s stock after acquiring an additional 20,204 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up about 1.2% of Landmark Wealth Management Inc.’s portfolio, making the stock its 17th biggest holding. Landmark Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $32,000. Truvestments Capital LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 73.9% during the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $56,000. Realta Investment Advisors boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 38.5% during the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 171 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $60,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $97.39 on Monday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24. The firm has a market capitalization of $8.13 billion, a PE ratio of 19.96 and a beta of 0.42. The stock’s fifty day moving average is $97.54 and its 200-day moving average is $96.53.

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.