Richardson Financial Services Inc. Acquires 1,760 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Richardson Financial Services Inc. lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,746 shares of the exchange traded fund’s stock after acquiring an additional 1,760 shares during the quarter. SPDR Bloomberg High Yield Bond ETF makes up 0.9% of Richardson Financial Services Inc.’s portfolio, making the stock its 22nd biggest position. Richardson Financial Services Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNK. Creative Financial Designs Inc. ADV purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $37,000. Blue Trust Inc. grew its stake in SPDR Bloomberg High Yield Bond ETF by 235.5% in the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 285 shares during the period. Fortitude Family Office LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the third quarter worth $50,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2 %

NYSEARCA:JNK opened at $96.76 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 firm’s 50-day moving average price is $96.29 and its 200-day moving average price is $96.37.

SPDR Bloomberg High Yield Bond ETF Company 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.