TCI Wealth Advisors Inc. Takes $318,000 Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

TCI Wealth Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,248 shares of the exchange traded fund’s stock, valued at approximately $318,000.

A number of other large investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the second quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the second quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the second quarter valued at $35,000. Blue Trust Inc. lifted its position in shares of 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 buying an additional 285 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in SPDR Bloomberg High Yield Bond ETF in the second quarter worth $48,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2 %

NYSEARCA JNK traded up $0.24 on Monday, hitting $96.60. 2,428,606 shares of the stock were exchanged, compared to its average volume of 4,308,666. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $88.53 and a 52-week high of $97.90. The stock has a fifty day moving average price of $96.87 and a two-hundred day moving average price of $95.28.

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.