Ieq Capital LLC Boosts Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Ieq Capital LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 31,059 shares of the exchange traded fund’s stock after purchasing an additional 509 shares during the period. Ieq Capital LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth about $25,000. GHP Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $29,000. Olistico Wealth LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter valued at approximately $35,000. Transcendent Capital Group LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $41,000. Finally, Beaird Harris Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth approximately $47,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK opened at $97.74 on Friday. The company has a 50 day simple moving average of $96.04 and a two-hundred day simple moving average of $94.86. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $87.79 and a 12 month high of $97.90.

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.