Merit Financial Group LLC Has $488,000 Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Merit Financial Group LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,113 shares of the exchange traded fund’s stock after acquiring an additional 270 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $488,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JNK. Integrated Capital Management LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 1.6% during the 4th quarter. Integrated Capital Management LLC now owns 6,758 shares of the exchange traded fund’s stock worth $645,000 after acquiring an additional 105 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 2.5% in the 3rd quarter. Catalyst Financial Partners LLC now owns 5,770 shares of the exchange traded fund’s stock valued at $564,000 after purchasing an additional 139 shares during the last quarter. Gladstone Institutional Advisory LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 1.7% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 9,344 shares of the exchange traded fund’s stock valued at $914,000 after purchasing an additional 152 shares during the period. Empower Advisory Group LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 4.4% during the third quarter. Empower Advisory Group LLC now owns 3,846 shares of the exchange traded fund’s stock worth $376,000 after buying an additional 162 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in SPDR Bloomberg High Yield Bond ETF by 1.3% in the third quarter. Pinnacle Associates Ltd. now owns 14,283 shares of the exchange traded fund’s stock valued at $1,353,000 after purchasing an additional 189 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.71 on Friday. SPDR Bloomberg High Yield Bond ETF has a 1 year low of $92.47 and a 1 year high of $97.90. The business has a 50-day moving average of $96.26 and a two-hundred day moving average of $96.28.

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.