BLB&B Advisors LLC Acquires 687,481 Shares of SPDR Bloomberg High Yield Bond ETF $JNK

BLB&B Advisors LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 687,481 shares of the exchange traded fund’s stock, valued at approximately $63,764,000. SPDR Bloomberg High Yield Bond ETF comprises approximately 2.3% of BLB&B Advisors LLC’s portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in SPDR Bloomberg High Yield Bond ETF by 23.5% in the second quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after purchasing an additional 2,597,336 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the first quarter valued at about $49,475,000. Envestnet Asset Management Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 23.3% during the second quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock valued at $216,485,000 after purchasing an additional 424,952 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 189.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 593,914 shares of the exchange traded fund’s stock valued at $57,236,000 after purchasing an additional 388,579 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 3.4% during the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock valued at $562,367,000 after purchasing an additional 191,636 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $93.21 on Thursday. The stock has a market cap of $5.86 billion, a P/E ratio of 19.96 and a beta of 0.42. The stock’s 50-day moving average is $93.97 and its 200-day moving average is $95.80. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $91.71 and a 1-year high of $98.03.

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.