SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Stake Boosted by Jessup Wealth Management Inc

Jessup Wealth Management Inc increased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 112,854 shares of the exchange traded fund’s stock after acquiring an additional 4,274 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 4.6% of Jessup Wealth Management Inc’s investment portfolio, making the stock its 5th biggest holding. Jessup Wealth Management Inc owned 0.14% of SPDR Bloomberg High Yield Bond ETF worth $10,774,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter worth approximately $30,000. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $29,000. Truvestments Capital LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $37,000. Blue Trust Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 235.5% during the third 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. Finally, Realta Investment Advisors grew its holdings in SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.1 %

NYSEARCA JNK opened at $96.70 on Thursday. The stock’s 50-day moving average price is $96.15 and its 200-day moving average price is $96.46. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $92.47 and a 52 week 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.