Raleigh Capital Management Inc. Has $2.04 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Raleigh Capital Management Inc. raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 129.8% in the first quarter, HoldingsChannel.com reports. The firm owned 21,320 shares of the exchange traded fund’s stock after buying an additional 12,044 shares during the period. Raleigh Capital Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,041,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $26,000. Brown Lisle Cummings Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter worth about $27,000. Evolution Wealth Management Inc. increased its position in shares of 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 acquiring an additional 175 shares in the last quarter. Prestige Wealth Management Group LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth about $35,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $95.99 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The firm’s 50-day simple moving average is $96.26 and its 200 day simple moving average is $96.66.

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.