Envestnet Portfolio Solutions Inc. Purchases 239,321 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Envestnet Portfolio Solutions Inc. raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 99.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 478,806 shares of the exchange traded fund’s stock after buying an additional 239,321 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $45,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. increased its stake in SPDR Bloomberg High Yield Bond ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock valued at $473,877,000 after acquiring an additional 517,382 shares during the last quarter. JPMorgan Chase & Co. increased 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 raised its holdings 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of SPDR Bloomberg High Yield Bond ETF by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,514,282 shares of the exchange traded fund’s stock worth $144,568,000 after buying an additional 61,403 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in SPDR Bloomberg High Yield Bond ETF by 13.7% in the third quarter. Thrivent Financial for Lutherans now owns 1,376,590 shares of the exchange traded fund’s stock valued at $134,617,000 after buying an additional 165,682 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.5 %

SPDR Bloomberg High Yield Bond ETF stock opened at $95.33 on Friday. The stock has a market cap of $8.61 billion, a PE ratio of 20.14 and a beta of 0.48. SPDR Bloomberg High Yield Bond ETF has a 12-month low of $92.47 and a 12-month high of $97.90. The business’s 50-day moving average price is $96.32 and its two-hundred day moving average price is $96.52.

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.