Brindle & Bay Financial Advisors LLC Has $4.62 Million Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Brindle & Bay Financial Advisors LLC trimmed its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 13.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,308 shares of the exchange traded fund’s stock after selling 7,665 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 2.8% of Brindle & Bay Financial Advisors LLC’s portfolio, making the stock its 12th largest position. Brindle & Bay Financial Advisors LLC owned about 0.06% of SPDR Bloomberg High Yield Bond ETF worth $4,624,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JNK. Legacy Wealth Managment LLC ID purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $26,000. Brown Lisle Cummings Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at approximately $29,000. Evolution Wealth Management Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 104.8% in the 4th quarter. Evolution Wealth Management Inc. now owns 342 shares of the exchange traded fund’s stock worth $33,000 after buying an additional 175 shares in the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $35,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $95.93 on Monday. The firm has a fifty day moving average of $96.19 and a two-hundred day moving average of $96.62. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The firm has a market capitalization of $7.43 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.