Tallon Kerry Patrick Invests $332,000 in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Tallon Kerry Patrick acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 4th quarter, Holdings Channel.com reports. The firm acquired 3,471 shares of the exchange traded fund’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Financial Designs Inc. ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $30,000. Truvestments Capital LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $37,000. Blue Trust Inc. lifted 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 purchasing an additional 285 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $50,000. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter valued at about $61,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.1 %

Shares of NYSEARCA JNK opened at $96.37 on Friday. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $92.47 and a 52 week high of $97.90. The firm has a 50-day moving average price of $96.27 and a 200 day moving average price of $96.19.

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.