Midwest Trust Co Takes $392,000 Position in SPDR Bloomberg High Yield Bond ETF $JNK

Midwest Trust Co bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,030 shares of the exchange traded fund’s stock, valued at approximately $392,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospera Financial Services Inc grew its position in SPDR Bloomberg High Yield Bond ETF by 5.2% in the second quarter. Prospera Financial Services Inc now owns 84,399 shares of the exchange traded fund’s stock worth $8,209,000 after buying an additional 4,183 shares during the last quarter. Florin Court Capital LLP boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 4.0% during the 2nd quarter. Florin Court Capital LLP now owns 15,600 shares of the exchange traded fund’s stock worth $1,517,000 after acquiring an additional 600 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 132.4% in the 2nd quarter. AE Wealth Management LLC now owns 9,612 shares of the exchange traded fund’s stock worth $935,000 after acquiring an additional 5,476 shares during the last quarter. Rialto Wealth Management LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 11.8% in the 2nd quarter. Rialto Wealth Management LLC now owns 18,387 shares of the exchange traded fund’s stock worth $1,789,000 after acquiring an additional 1,947 shares during the last quarter. Finally, Rovin Capital UT ADV raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 2,465.8% during the second quarter. Rovin Capital UT ADV now owns 76,692 shares of the exchange traded fund’s stock worth $7,460,000 after purchasing an additional 73,703 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

Shares of NYSEARCA JNK opened at $97.03 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $90.40 and a 12 month high of $98.24. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. The business has a fifty day simple moving average of $97.45 and a 200-day simple moving average of $96.67.

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.