SPDR Bloomberg High Yield Bond ETF $JNK Position Raised by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,086 shares of the exchange traded fund’s stock after purchasing an additional 15,621 shares during the quarter. SPDR Bloomberg High Yield Bond ETF accounts for approximately 1.4% of Checchi Capital Advisers LLC’s portfolio, making the stock its 7th largest holding. Checchi Capital Advisers LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $28,341,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JNK. Creative Planning lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 16.6% in the 2nd quarter. Creative Planning now owns 4,408 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 629 shares during the period. Franklin Resources Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 13.3% during the second quarter. Franklin Resources Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 124 shares during the period. NewEdge Advisors LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 27.5% during the second quarter. NewEdge Advisors LLC now owns 71,831 shares of the exchange traded fund’s stock valued at $6,987,000 after buying an additional 15,491 shares during the period. The Manufacturers Life Insurance Company increased its holdings in SPDR Bloomberg High Yield Bond ETF by 3.6% in the second quarter. The Manufacturers Life Insurance Company now owns 384,656 shares of the exchange traded fund’s stock valued at $37,415,000 after buying an additional 13,500 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in SPDR Bloomberg High Yield Bond ETF by 1.1% in the second quarter. Ieq Capital LLC now owns 62,963 shares of the exchange traded fund’s stock valued at $6,124,000 after buying an additional 712 shares in 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 SPDR Bloomberg High Yield Bond ETF stock opened at $95.90 on Wednesday. The firm has a 50-day simple moving average of $96.16 and a two-hundred day simple moving average of $96.60. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The company has a market cap of $7.35 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.