Berkshire Money Management Inc. Boosts Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Berkshire Money Management Inc. raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,651 shares of the exchange traded fund’s stock after purchasing an additional 16,594 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.7% of Berkshire Money Management Inc.’s portfolio, making the stock its 17th largest holding. Berkshire Money Management Inc. owned about 0.23% of SPDR Bloomberg High Yield Bond ETF worth $16,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JNK. Advisory Alpha LLC grew its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.5% during the 4th quarter. Advisory Alpha LLC now owns 6,920 shares of the exchange traded fund’s stock worth $673,000 after purchasing an additional 105 shares during the period. Sharper & Granite LLC increased its position in SPDR Bloomberg High Yield Bond ETF by 1.7% during the 4th quarter. Sharper & Granite LLC now owns 6,353 shares of the exchange traded fund’s stock worth $618,000 after purchasing an additional 107 shares in the last quarter. Clearstead Advisors LLC raised its holdings in SPDR Bloomberg High Yield Bond ETF by 8.5% in the third quarter. Clearstead Advisors LLC now owns 1,377 shares of the exchange traded fund’s stock valued at $135,000 after buying an additional 108 shares during the period. Banque Cantonale Vaudoise raised its holdings in SPDR Bloomberg High Yield Bond ETF by 13.3% in the first quarter. Banque Cantonale Vaudoise now owns 920 shares of the exchange traded fund’s stock valued at $88,000 after buying an additional 108 shares during the period. Finally, Parallel Advisors LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 4.7% during the third quarter. Parallel Advisors LLC now owns 2,656 shares of the exchange traded fund’s stock valued at $260,000 after buying an additional 120 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1%

Shares of JNK stock opened at $96.28 on Friday. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The firm’s 50 day moving average price is $96.35 and its two-hundred day moving average price is $96.69. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41.

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.