12,873 Shares in SPDR Bloomberg High Yield Bond ETF $JNK Purchased by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,873 shares of the exchange traded fund’s stock, valued at approximately $1,261,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Key Financial Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth approximately $34,000. First Community Trust NA bought a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth approximately $39,000. Trust Co. of Vermont lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 41,800.0% during the 3rd quarter. Trust Co. of Vermont now owns 419 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 418 shares in the last quarter. Beacon Capital Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $52,000. Finally, Beacon Capital Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

Shares of JNK opened at $97.30 on Wednesday. The stock’s fifty day simple moving average is $97.10 and its 200-day simple moving average is $97.09. The firm has a market capitalization of $8.14 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $90.40 and a 12-month high of $98.24.

SPDR Bloomberg High Yield Bond ETF 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.