American Family Investments Inc. Invests $202.97 Million in SPDR Bloomberg High Yield Bond ETF $JNK

American Family Investments Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,088,000 shares of the exchange traded fund’s stock, valued at approximately $202,974,000. SPDR Bloomberg High Yield Bond ETF comprises about 7.3% of American Family Investments Inc.’s investment portfolio, making the stock its 3rd biggest holding.

Several other large investors have also made changes to their positions in JNK. Legacy Wealth Managment LLC ID acquired a new position in SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $26,000. Caitlin John LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $29,000. Brown Brothers Harriman & Co. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 3rd quarter valued at approximately $35,000. Olistico Wealth LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at approximately $36,000. Finally, Pacifica Partners Inc. raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 310.0% in the 4th quarter. Pacifica Partners Inc. now owns 410 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 310 shares during the period. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of NYSEARCA:JNK opened at $96.18 on Wednesday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The firm’s 50 day simple moving average is $96.15 and its 200 day simple moving average is $96.90. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24.

SPDR Bloomberg High Yield Bond ETF Company 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.