Sound Income Strategies LLC Grows Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Sound Income Strategies LLC lifted its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 48.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 91,187 shares of the exchange traded fund’s stock after buying an additional 29,629 shares during the quarter. Sound Income Strategies LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $8,706,000 at the end of the most recent quarter.

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

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 200-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.