M Holdings Securities Inc. Purchases New Shares in SPDR Bloomberg High Yield Bond ETF $JNK

M Holdings Securities Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,789 shares of the exchange traded fund’s stock, valued at approximately $534,000.

A number of other hedge funds have also recently modified their holdings of JNK. State Street Corp increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 23.5% in the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock worth $1,317,557,000 after purchasing an additional 2,597,336 shares in the last quarter. Assetmark Inc. raised its holdings in SPDR Bloomberg High Yield Bond ETF by 3.4% in the 1st quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after purchasing an additional 191,636 shares during the period. Envestnet Asset Management Inc. lifted its position in 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. Bank of America Corp DE lifted its position in SPDR Bloomberg High Yield Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock valued at $80,978,000 after purchasing an additional 97,474 shares in the last quarter. Finally, BLB&B Advisors LLC purchased a new position in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $63,764,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA:JNK opened at $92.63 on Wednesday. The stock has a 50-day simple moving average of $93.39 and a two-hundred day simple moving average of $95.57. The firm has a market capitalization of $6.25 billion, a PE ratio of 19.96 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week 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.