Global View Capital Management LLC Invests $1.35 Million in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Global View Capital Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,066 shares of the exchange traded fund’s stock, valued at approximately $1,347,000. SPDR Bloomberg High Yield Bond ETF makes up approximately 0.5% of Global View Capital Management LLC’s investment portfolio, making the stock its 29th largest position.

A number of other large investors have also recently bought and sold shares of JNK. Valley National Advisers Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $37,000. Realta Investment Advisors boosted 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 acquiring an additional 210 shares during the period. Boyd Watterson Asset Management LLC OH boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 3,658.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 254.2% during the third quarter. Continuum Advisory LLC now owns 1,679 shares of the exchange traded fund’s stock valued at $162,000 after acquiring an additional 1,205 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

JNK stock opened at $95.74 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90. The company has a 50-day moving average of $96.35 and a two-hundred day moving average of $96.57. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 20.14 and a beta of 0.48.

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.