Truvestments Capital LLC Makes New Investment in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Truvestments Capital LLC purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, Holdings Channel.com reports. The fund purchased 375 shares of the exchange traded fund’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at $25,000. Creative Financial Designs Inc. ADV purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $30,000. GHP Investment Advisors Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth about $29,000. Olistico Wealth LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the 2nd quarter valued at about $35,000. Finally, Blue Trust Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 235.5% during the third quarter. Blue Trust Inc. now owns 406 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 285 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $97.14 on Thursday. The firm has a 50 day moving average of $96.83 and a 200-day moving average of $95.74. SPDR Bloomberg High Yield Bond ETF has a 12 month low of $91.90 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.