Kestra Advisory Services LLC Purchases 10,322 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

Kestra Advisory Services LLC boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 85,793 shares of the exchange traded fund’s stock after buying an additional 10,322 shares during the period. Kestra Advisory Services LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $7,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $28,000. Ascentis Independent Advisors bought a new stake in SPDR Bloomberg High Yield Bond ETF in the first quarter worth about $29,000. NFSG Corp lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 78.3% in the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 141 shares during the last quarter. Eastern Bank acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at about $35,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 74.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 497 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 212 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.4%

NYSEARCA:JNK opened at $92.63 on Wednesday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03. The company has a 50-day moving average of $93.39 and a 200-day moving average of $95.57. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 19.96 and a beta of 0.43.

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.