Talon Private Wealth LLC Makes New $3.16 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Talon Private Wealth LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,040 shares of the exchange traded fund’s stock, valued at approximately $3,163,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Wealth Managment LLC ID acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at about $26,000. Brown Lisle Cummings Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $27,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth approximately $29,000. NFSG Corp increased its position in SPDR Bloomberg High Yield Bond ETF by 78.3% during the first quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 141 shares during the period. Finally, Evolution Wealth Management Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 104.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 175 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 Up 0.2%

Shares of NYSEARCA JNK opened at $95.61 on Wednesday. The stock has a market cap of $6.99 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24. The stock has a 50 day moving average of $96.09 and a two-hundred day moving average of $96.49.

About SPDR Bloomberg High Yield Bond ETF

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.