N.E.W. Advisory Services LLC Buys Shares of 1,247 SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

N.E.W. Advisory Services LLC bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,247 shares of the exchange traded fund’s stock, valued at approximately $119,000.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $26,728,000. Wells Fargo & Company MN lifted its position in SPDR Bloomberg High Yield Bond ETF by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock worth $424,774,000 after buying an additional 278,292 shares in the last quarter. Northern Trust Corp acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $17,449,000. Jefferies Financial Group Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $11,051,000. Finally, Envestnet Asset Management Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,133,763 shares of the exchange traded fund’s stock worth $299,180,000 after buying an additional 115,211 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $96.85 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $97.90. The company has a market capitalization of $8.26 billion, a P/E ratio of 19.96 and a beta of 0.45. The company’s 50 day moving average price is $96.30 and its two-hundred day moving average price is $95.69.

SPDR Bloomberg High Yield Bond ETF Company 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.