Richardson Financial Services Inc. Has $1.13 Million Stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Richardson Financial Services Inc. grew its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,986 shares of the exchange traded fund’s stock after acquiring an additional 190 shares during the period. Richardson Financial Services Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,131,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter worth $25,000. GHP Investment Advisors Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the second quarter worth about $29,000. Olistico Wealth LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at approximately $35,000. Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 285 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 2nd quarter worth approximately $48,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK traded down $0.15 during mid-day trading on Friday, reaching $96.36. The stock had a trading volume of 5,020,651 shares, compared to its average volume of 3,050,529. The stock 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 12 month low of $88.31 and a 12 month high of $97.90.

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.