Jessup Wealth Management Inc Increases Stake in SPDR Bloomberg High Yield Bond ETF $JNK

Jessup Wealth Management Inc grew its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 132,933 shares of the exchange traded fund’s stock after acquiring an additional 7,229 shares during the period. SPDR Bloomberg High Yield Bond ETF comprises 4.3% of Jessup Wealth Management Inc’s portfolio, making the stock its 5th biggest holding. Jessup Wealth Management Inc’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $12,922,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp increased 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 period. Assetmark Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 3.7% during the fourth quarter. Assetmark Inc. now owns 5,683,486 shares of the exchange traded fund’s stock valued at $552,492,000 after buying an additional 203,301 shares during the period. Clark Capital Management Group Inc. increased its position in shares of SPDR Bloomberg High Yield Bond ETF by 1.8% during the third quarter. Clark Capital Management Group Inc. now owns 3,484,384 shares of the exchange traded fund’s stock valued at $341,435,000 after buying an additional 61,514 shares during the period. American Family Investments Inc. bought a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at about $202,974,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 4.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,065,815 shares of the exchange traded fund’s stock worth $201,131,000 after purchasing an additional 94,200 shares during the period. 87.54% of the stock is currently owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $95.73 on Thursday. The stock has a market cap of $7.24 billion, a P/E ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $94.49 and a fifty-two week high of $98.24. The firm’s fifty day moving average price is $96.31 and its 200-day moving average price is $96.77.

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.