Strategic Financial Concepts LLC Invests $4.04 Million in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Strategic Financial Concepts LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 42,362 shares of the exchange traded fund’s stock, valued at approximately $4,044,000. Strategic Financial Concepts LLC owned about 0.05% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alpha Financial Partners LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at about $838,000. CWM LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 65.6% in the 3rd quarter. CWM LLC now owns 5,102 shares of the exchange traded fund’s stock valued at $499,000 after acquiring an additional 2,022 shares in the last quarter. Peak Financial Management Inc. boosted its stake in SPDR Bloomberg High Yield Bond ETF by 4.5% in the 3rd quarter. Peak Financial Management Inc. now owns 4,482 shares of the exchange traded fund’s stock worth $438,000 after purchasing an additional 195 shares during the period. Probity Advisors Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 18.9% during the 3rd quarter. Probity Advisors Inc. now owns 8,511 shares of the exchange traded fund’s stock worth $832,000 after purchasing an additional 1,351 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in SPDR Bloomberg High Yield Bond ETF by 17.7% during the 3rd quarter. Global Retirement Partners LLC now owns 19,271 shares of the exchange traded fund’s stock valued at $1,884,000 after purchasing an additional 2,893 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK opened at $96.24 on Monday. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The stock has a fifty day moving average of $96.22 and a 200-day moving average of $96.41.

About SPDR Bloomberg High Yield Bond ETF

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.