SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 42.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,461,128 shares of the exchange traded fund’s stock after purchasing an additional 434,953 shares during the period. LPL Financial LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $139,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Commerce Bank boosted its position in SPDR Bloomberg High Yield Bond ETF by 27.1% in the 3rd quarter. Commerce Bank now owns 6,005 shares of the exchange traded fund’s stock worth $587,000 after purchasing an additional 1,282 shares in the last quarter. Citigroup Inc. boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 2.7% during the third quarter. Citigroup Inc. now owns 43,386 shares of the exchange traded fund’s stock worth $4,243,000 after buying an additional 1,132 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $252,000. Loomis Sayles & Co. L P increased its holdings in SPDR Bloomberg High Yield Bond ETF by 0.8% in the third quarter. Loomis Sayles & Co. L P now owns 221,346 shares of the exchange traded fund’s stock valued at $21,645,000 after buying an additional 1,755 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the third quarter worth about $37,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.4 %

NYSEARCA:JNK opened at $96.13 on Tuesday. The stock has a market capitalization of $8.68 billion, a PE ratio of 20.14 and a beta of 0.48. The stock’s 50-day moving average price is $96.33 and its 200-day moving average price is $96.49. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $92.47 and a 52 week high of $97.90.

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.