King Wealth Management Group Has $286,000 Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

King Wealth Management Group lowered its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,997 shares of the exchange traded fund’s stock after selling 127 shares during the period. King Wealth Management Group’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $286,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. DecisionMap Wealth Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at $1,336,000. Balboa Wealth Partners lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 144.0% in the 4th quarter. Balboa Wealth Partners now owns 10,683 shares of the exchange traded fund’s stock valued at $1,020,000 after purchasing an additional 6,305 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 19.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,753 shares of the exchange traded fund’s stock valued at $740,000 after purchasing an additional 1,275 shares in the last quarter. Farther Finance Advisors LLC grew its stake in SPDR Bloomberg High Yield Bond ETF by 2.7% during the fourth quarter. Farther Finance Advisors LLC now owns 43,033 shares of the exchange traded fund’s stock worth $4,108,000 after purchasing an additional 1,145 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $12,048,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK opened at $94.86 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $92.47 and a 52-week high of $97.90. The business’s 50 day moving average price is $96.35 and its two-hundred day moving average price is $96.54.

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.