Royal Bank of Canada Has $36.53 Million Stock Position in SPDR Bloomberg High Yield Bond ETF $JNK

Royal Bank of Canada raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 381,608 shares of the exchange traded fund’s stock after buying an additional 62,656 shares during the quarter. Royal Bank of Canada’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $36,526,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Family Investments Inc. bought a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $202,974,000. Northwestern Mutual Investment Management Company LLC bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 4th quarter worth about $174,978,000. State Street Corp raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 14.2% during the third quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock valued at $1,240,828,000 after buying an additional 1,577,119 shares during the last quarter. TD Asset Management Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $80,090,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the first quarter valued at about $49,475,000. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Down 0.2%

JNK stock opened at $95.45 on Tuesday. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $94.49 and a twelve month high of $98.24. The company has a market cap of $6.90 billion, a PE ratio of 19.96 and a beta of 0.41. The business’s 50-day simple moving average is $96.04 and its 200 day simple moving average is $96.43.

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.