Arta Finance Wealth Management LLC Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

Arta Finance Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,494 shares of the exchange traded fund’s stock, valued at approximately $534,000.

Several other large investors have also recently modified their holdings of JNK. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in SPDR Bloomberg High Yield Bond ETF by 15.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 525,455 shares of the exchange traded fund’s stock valued at $51,489,000 after buying an additional 71,153 shares in the last quarter. Chandler Asset Management Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 35.8% in the third quarter. Chandler Asset Management Inc. now owns 260,196 shares of the exchange traded fund’s stock valued at $25,497,000 after buying an additional 68,660 shares during the last quarter. Citigroup Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 16.3% in the third quarter. Citigroup Inc. now owns 65,887 shares of the exchange traded fund’s stock worth $6,456,000 after acquiring an additional 9,222 shares in the last quarter. Bain Capital Credit LP acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth about $4,087,000. Finally, Forefront Wealth Partners LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $1,261,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK opened at $95.72 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $90.40 and a 52-week high of $98.24. The company has a market cap of $6.98 billion, a P/E ratio of 19.96 and a beta of 0.42. The firm’s 50-day moving average price is $96.61 and its 200-day moving average price is $97.07.

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.