Global Financial Private Client LLC increased its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 78.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,190 shares of the exchange traded fund’s stock after buying an additional 3,607 shares during the quarter. Global Financial Private Client LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $782,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after purchasing an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC lifted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the third quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after purchasing an additional 1,963,931 shares during the period. BNP Paribas Financial Markets grew its position in SPDR Bloomberg High Yield Bond ETF by 401.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock valued at $75,967,000 after buying an additional 621,906 shares during the last quarter. Aristotle Pacific Capital LLC increased its stake in SPDR Bloomberg High Yield Bond ETF by 26.5% in the 3rd quarter. Aristotle Pacific Capital LLC now owns 879,954 shares of the exchange traded fund’s stock valued at $86,051,000 after buying an additional 184,263 shares during the period. Finally, Sei Investments Co. raised its position in SPDR Bloomberg High Yield Bond ETF by 562.5% during the 2nd quarter. Sei Investments Co. now owns 212,000 shares of the exchange traded fund’s stock worth $19,985,000 after buying an additional 180,000 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
SPDR Bloomberg High Yield Bond ETF Stock Performance
JNK stock opened at $95.30 on Tuesday. The company has a fifty day moving average of $96.31 and a 200-day moving average of $96.18. SPDR Bloomberg High Yield Bond ETF has a one year low of $92.47 and a one year high of $97.90.
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.
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