Concurrent Investment Advisors LLC Has $1.52 Million Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Concurrent Investment Advisors LLC increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 17.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,935 shares of the exchange traded fund’s stock after acquiring an additional 2,337 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,521,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JNK. Valley National Advisers Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $30,000. Truvestments Capital LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at $37,000. Blue Trust Inc. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% in the 3rd quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 285 shares in the last quarter. Finally, Realta Investment Advisors increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 89.7% in the 4th quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 210 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Trading Down 0.1 %

NYSEARCA:JNK opened at $96.63 on Friday. The company has a fifty day moving average of $96.15 and a 200-day moving average of $96.50. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $92.47 and a twelve month high of $97.90.

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.