Chesapeake Capital Corp IL Invests $3.23 Million in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Chesapeake Capital Corp IL bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNKFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,138 shares of the exchange traded fund’s stock, valued at approximately $3,234,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 2.4% of Chesapeake Capital Corp IL’s portfolio, making the stock its 5th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at approximately $28,000. Hexagon Capital Partners LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 102.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 511 shares of the exchange traded fund’s stock worth $48,000 after buying an additional 258 shares during the last quarter. Clearstead Advisors LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF by 862.1% during the third quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock worth $50,000 after buying an additional 500 shares during the period. WealthShield Partners LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $55,000. Finally, Sandy Spring Bank purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $56,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock traded up $0.33 during trading on Friday, hitting $94.28. The stock had a trading volume of 2,073,237 shares, compared to its average volume of 4,941,748. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $95.59. The firm’s fifty day simple moving average is $94.11 and its 200-day simple moving average is $93.98.

SPDR Bloomberg High Yield Bond ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

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