Axxcess Wealth Management LLC Invests $2.48 Million in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Axxcess Wealth Management LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,018 shares of the exchange traded fund’s stock, valued at approximately $2,477,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,155,545 shares of the exchange traded fund’s stock worth $393,655,000 after acquiring an additional 51,770 shares in the last quarter. Assetmark Inc. lifted its position in SPDR Bloomberg High Yield Bond ETF by 4.8% during the fourth quarter. Assetmark Inc. now owns 3,664,696 shares of the exchange traded fund’s stock valued at $347,157,000 after purchasing an additional 166,584 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 25.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,737,137 shares of the exchange traded fund’s stock worth $259,047,000 after buying an additional 550,840 shares in the last quarter. Arch Capital Group LTD. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth about $100,794,000. Finally, Toews Corp ADV purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $69,939,000. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK traded up $0.26 during trading on Friday, hitting $95.54. The company had a trading volume of 2,365,981 shares, compared to its average volume of 4,686,612. The company has a fifty day simple moving average of $94.52 and a two-hundred day simple moving average of $94.40. SPDR Bloomberg High Yield Bond ETF has a one year low of $87.79 and a one year high of $95.72.

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.