Advisory Services Network LLC Acquires 134 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Advisory Services Network LLC boosted its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,144 shares of the exchange traded fund’s stock after buying an additional 134 shares during the quarter. Advisory Services Network LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JNK. Bank of Montreal Can lifted its holdings in SPDR Bloomberg High Yield Bond ETF by 11.2% in the fourth quarter. Bank of Montreal Can now owns 60,168 shares of the exchange traded fund’s stock valued at $5,744,000 after buying an additional 6,049 shares during the period. Federated Hermes Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter valued at about $511,000. Envestnet Asset Management Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,133,763 shares of the exchange traded fund’s stock valued at $299,180,000 after purchasing an additional 115,211 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth approximately $716,000. Finally, Wells Fargo & Company MN lifted its stake in SPDR Bloomberg High Yield Bond ETF by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,449,296 shares of the exchange traded fund’s stock valued at $424,774,000 after buying an additional 278,292 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.6 %

Shares of JNK stock opened at $92.93 on Tuesday. The firm has a 50 day moving average of $95.37 and a 200-day moving average of $96.08. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 19.36 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.41 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.