Custom Index Systems LLC Takes $1.22 Million Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Custom Index Systems LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,500 shares of the exchange traded fund’s stock, valued at approximately $1,222,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth $29,000. Olistico Wealth LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth about $35,000. Blue Trust Inc. lifted 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 worth $38,000 after buying an additional 285 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK traded down $0.15 during mid-day trading on Friday, reaching $96.36. 5,020,651 shares of the company were exchanged, compared to its average volume of 3,050,529. The business has a 50 day simple moving average of $96.87 and a two-hundred day simple moving average of $95.27. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $88.31 and a 52 week 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.