Omnitrust Wealth Management Inc Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

Omnitrust Wealth Management Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,268 shares of the exchange traded fund’s stock, valued at approximately $512,000. SPDR Bloomberg High Yield Bond ETF makes up about 0.7% of Omnitrust Wealth Management Inc’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds also recently bought and sold shares of JNK. Creative Planning lifted its stake in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after buying an additional 629 shares in the last quarter. Franklin Resources Inc. lifted its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares in the last quarter. NewEdge Advisors LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after buying an additional 15,491 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after buying an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after buying an additional 712 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $95.73 on Monday. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The firm has a market capitalization of $7.24 billion, a PE ratio of 19.96 and a beta of 0.41. The firm has a 50-day moving average of $96.25 and a two-hundred day moving average of $96.78.

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.