Landmark Wealth Management Inc. Acquires 42,623 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Landmark Wealth Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 192.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 64,797 shares of the exchange traded fund’s stock after buying an additional 42,623 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises about 3.0% of Landmark Wealth Management Inc.’s portfolio, making the stock its 11th biggest holding. Landmark Wealth Management Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $6,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock worth $222,177,000 after buying an additional 8,872,450 shares during the last quarter. World Investment Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 90,838.6% during the 3rd quarter. World Investment Advisors LLC now owns 1,966,093 shares of the exchange traded fund’s stock worth $192,264,000 after buying an additional 1,963,931 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 401.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 776,841 shares of the exchange traded fund’s stock worth $75,967,000 after buying an additional 621,906 shares during the last quarter. Pacific Asset Management LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 27.7% during the 3rd quarter. Pacific Asset Management LLC now owns 879,954 shares of the exchange traded fund’s stock worth $86,051,000 after buying an additional 190,796 shares during the last quarter. Finally, Strategic Investment Management LLC acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $17,441,000. Institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $96.52 on Friday. The firm has a 50-day moving average of $96.24 and a 200-day moving average of $96.39. 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 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.