Rovin Capital UT ADV boosted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 120.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,846 shares of the exchange traded fund’s stock after acquiring an additional 48,538 shares during the period. SPDR Bloomberg High Yield Bond ETF accounts for about 3.1% of Rovin Capital UT ADV’s holdings, making the stock its 7th biggest position. Rovin Capital UT ADV owned 0.10% of SPDR Bloomberg High Yield Bond ETF worth $8,482,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of JNK. Creative Financial Designs Inc. ADV bought a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth approximately $30,000. Truvestments Capital LLC purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $37,000. Blue Trust Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 285 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $50,000. Finally, Massmutual Trust Co. FSB ADV purchased a new position in SPDR Bloomberg High Yield Bond ETF in the 3rd quarter worth $61,000. Institutional investors own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Performance
NYSEARCA JNK opened at $96.26 on Thursday. The company has a 50-day simple moving average of $96.28 and a two-hundred day simple moving average of $96.19. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90.
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.
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