FormulaFolio Investments LLC Has $10.50 Million Position in SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK)

FormulaFolio Investments LLC lifted its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF (NYSEARCA:JNK) by 8.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 96,595 shares of the exchange traded fund’s stock after purchasing an additional 7,261 shares during the quarter. FormulaFolio Investments LLC’s holdings in SPDR Bloomberg Barclays High Yield Bond ETF were worth $10,504,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 2.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 281,498 shares of the exchange traded fund’s stock worth $30,666,000 after buying an additional 5,928 shares during the period. PFS Investments Inc. acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth about $3,893,000. Carnick & Kubik Group LLC acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth about $19,924,000. Virtus Investment Advisers Inc. acquired a new position in shares of SPDR Bloomberg Barclays High Yield Bond ETF during the second quarter worth about $313,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of SPDR Bloomberg Barclays High Yield Bond ETF by 30.2% during the second quarter. Tower Research Capital LLC TRC now owns 13,460 shares of the exchange traded fund’s stock worth $1,466,000 after buying an additional 3,124 shares during the period.

Shares of JNK stock traded up $0.01 on Thursday, hitting $108.66. 156,565 shares of the stock were exchanged, compared to its average volume of 6,050,849. The business has a 50-day moving average of $108.47 and a 200 day moving average of $97.32. SPDR Bloomberg Barclays High Yield Bond ETF has a fifty-two week low of $98.76 and a fifty-two week high of $109.62.

SPDR Bloomberg Barclays 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.

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

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