Brookstone Capital Management Raises Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Brookstone Capital Management increased its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 43.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,326 shares of the exchange traded fund’s stock after buying an additional 3,455 shares during the quarter. Brookstone Capital Management’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in JNK. International Assets Investment Management LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $6,141,000. Allspring Global Investments Holdings LLC raised its position in SPDR Bloomberg High Yield Bond ETF by 4.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,420 shares of the exchange traded fund’s stock valued at $2,313,000 after purchasing an additional 1,100 shares during the period. Cerity Partners LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $208,000. Wetzel Investment Advisors Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $28,000. Finally, J.W. Cole Advisors Inc. raised its position in SPDR Bloomberg High Yield Bond ETF by 10.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,712 shares of the exchange traded fund’s stock valued at $446,000 after purchasing an additional 455 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of SPDR Bloomberg High Yield Bond ETF stock opened at $96.18 on Monday. The business has a 50-day moving average of $94.86 and a 200-day moving average of $94.45. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $87.79 and a 1-year high of $96.21.

SPDR Bloomberg 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.