Graetz Wealth LLC Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Graetz Wealth LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,340 shares of the exchange traded fund’s stock, valued at approximately $3,727,000. SPDR Bloomberg High Yield Bond ETF comprises 3.4% of Graetz Wealth LLC’s holdings, making the stock its 8th biggest position.

Several other hedge funds have also recently bought and sold shares of JNK. Creative Planning increased its position in SPDR Bloomberg High Yield Bond ETF by 16.6% during the second quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock worth $429,000 after buying an additional 629 shares during the last quarter. Franklin Resources Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $103,000 after buying an additional 124 shares during the last quarter. NewEdge Advisors LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock worth $6,987,000 after buying an additional 15,491 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in SPDR Bloomberg High Yield Bond ETF by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock worth $37,415,000 after buying an additional 13,500 shares during the last quarter. Finally, Ieq Capital LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 1.1% during the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock worth $6,124,000 after buying an additional 712 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Price Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $96.28 on Friday. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a one year low of $94.49 and a one year high of $98.24. The company’s fifty day moving average price is $96.32 and its two-hundred day moving average price is $96.77.

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.