SPDR Bloomberg High Yield Bond ETF $JNK Shares Purchased by Strategic Investment Advisors MI

Strategic Investment Advisors MI lifted its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 115.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,310 shares of the exchange traded fund’s stock after buying an additional 7,677 shares during the quarter. Strategic Investment Advisors MI’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $1,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Family Investments Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $202,974,000. Northwestern Mutual Investment Management Company LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth approximately $174,978,000. State Street Corp lifted its stake in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after buying an additional 1,577,119 shares in the last quarter. TD Asset Management Inc purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $80,090,000. Finally, Meeder Asset Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the first quarter worth $49,475,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.3%

NYSEARCA JNK opened at $95.66 on Friday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. 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 business has a fifty day moving average of $96.06 and a 200-day moving average of $96.46.

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.