Graetz Wealth LLC Has $2.87 Million Position in SPDR Bloomberg High Yield Bond ETF $JNK

Graetz Wealth LLC lowered its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,987 shares of the exchange traded fund’s stock after selling 8,353 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for approximately 2.6% of Graetz Wealth LLC’s investment portfolio, making the stock its 10th biggest holding. Graetz Wealth LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,870,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its holdings in SPDR Bloomberg High Yield Bond ETF by 16.6% in the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after acquiring an additional 629 shares in the last quarter. Franklin Resources Inc. raised its stake in SPDR Bloomberg High Yield Bond ETF by 13.3% in the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 124 shares in the last quarter. NewEdge Advisors LLC lifted 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 purchasing an additional 15,491 shares during the period. The Manufacturers Life Insurance Company grew its stake 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 in the last quarter. Finally, Ieq Capital LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 1.1% in the 2nd quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after buying an additional 712 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $96.00 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $94.49 and a 1 year high of $98.24. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The company’s 50 day simple moving average is $96.20 and its 200 day simple moving average is $96.63.

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.