Beta Wealth Group Inc. Makes New $3.25 Million Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Beta Wealth Group Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,909 shares of the exchange traded fund’s stock, valued at approximately $3,246,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 1.3% of Beta Wealth Group Inc.’s portfolio, making the stock its 20th largest position.

A number of other hedge funds have also bought and sold shares of JNK. Meeder Asset Management Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 1st quarter valued at $49,475,000. Balefire LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 11.5% during the first quarter. Balefire LLC now owns 26,720 shares of the exchange traded fund’s stock valued at $2,558,000 after buying an additional 2,758 shares during the period. Parallel Advisors LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 6.0% during the first quarter. Parallel Advisors LLC now owns 2,599 shares of the exchange traded fund’s stock worth $249,000 after buying an additional 148 shares during the last quarter. AlphaCentric Advisors LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 14.3% in the first quarter. AlphaCentric Advisors LLC now owns 3,307 shares of the exchange traded fund’s stock worth $317,000 after acquiring an additional 415 shares during the period. Finally, Modera Wealth Management LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 13.2% in the first quarter. Modera Wealth Management LLC now owns 39,091 shares of the exchange traded fund’s stock valued at $3,742,000 after acquiring an additional 4,565 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.0%

Shares of JNK stock opened at $95.95 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $94.49 and a 12-month high of $98.24. The company has a 50 day moving average of $96.13 and a 200-day moving average of $96.57. The firm has a market cap of $7.30 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.