Axxcess Wealth Management LLC Increases Position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Axxcess Wealth Management LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 159.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,934 shares of the exchange traded fund’s stock after acquiring an additional 17,794 shares during the period. Axxcess Wealth Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $29,000. Truvestments Capital LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth $37,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 38.8% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 118 shares during the last quarter. Realta Investment Advisors grew its position in SPDR Bloomberg High Yield Bond ETF by 89.7% during the fourth quarter. Realta Investment Advisors now owns 444 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 210 shares during the period. Finally, Boyd Watterson Asset Management LLC OH increased its holdings in SPDR Bloomberg High Yield Bond ETF by 3,658.5% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 1,541 shares of the exchange traded fund’s stock worth $147,000 after buying an additional 1,500 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of JNK stock opened at $95.41 on Wednesday. The firm has a market cap of $8.61 billion, a price-to-earnings 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 firm’s 50-day simple moving average is $96.30 and its two-hundred day simple moving average is $96.50.

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.