TI Trust Inc. Has $2.04 Million Stock Holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

TI Trust Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,388 shares of the exchange traded fund’s stock after buying an additional 797 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for 1.4% of TI Trust Inc.’s investment portfolio, making the stock its 17th biggest position. TI Trust Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $2,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JNK. Creative Financial Designs Inc. ADV bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $37,000. Blue Trust Inc. grew its stake 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 valued at $38,000 after acquiring an additional 285 shares in the last quarter. Fortitude Family Office LLC bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $50,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter worth about $61,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Price Performance

NYSEARCA JNK opened at $96.81 on Monday. The firm has a 50-day moving average price of $96.26 and a two-hundred day moving average price of $96.32. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90.

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.