IFG Advisory LLC Buys 2,254 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

IFG Advisory LLC raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 67,148 shares of the exchange traded fund’s stock after acquiring an additional 2,254 shares during the quarter. IFG Advisory LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $6,361,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of JNK. Moneta Group Investment Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 99,822.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 3,287,456 shares of the exchange traded fund’s stock valued at $295,871,000 after purchasing an additional 3,284,166 shares in the last quarter. BlackRock Inc. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 105.0% during the 2nd quarter. BlackRock Inc. now owns 5,440,132 shares of the exchange traded fund’s stock worth $500,655,000 after acquiring an additional 2,785,988 shares during the last quarter. State Street Corp increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 16.3% during the 1st quarter. State Street Corp now owns 8,695,731 shares of the exchange traded fund’s stock worth $807,138,000 after acquiring an additional 1,216,011 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4,254.2% during the 3rd quarter. Schroder Investment Management Group now owns 979,690 shares of the exchange traded fund’s stock worth $88,564,000 after acquiring an additional 957,190 shares during the last quarter. Finally, Toews Corp ADV bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth $69,939,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.33 on Thursday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $87.79 and a twelve month high of $95.59. The business has a fifty day simple moving average of $94.61 and a 200 day simple moving average of $92.75.

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.