Janney Montgomery Scott LLC Purchases 567 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Janney Montgomery Scott LLC boosted its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,512 shares of the exchange traded fund’s stock after acquiring an additional 567 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter worth approximately $25,000. Creative Financial Designs Inc. ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $30,000. GHP Investment Advisors Inc. purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth $29,000. Olistico Wealth LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth $35,000. Finally, Blue Trust Inc. increased its position in SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 285 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA:JNK opened at $96.61 on Thursday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $91.11 and a 1 year high of $97.90. The business has a fifty day simple moving average of $96.86 and a two-hundred day simple moving average of $95.56.

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.