North Star Investment Management Corp. Increases Position in SPDR Bloomberg High Yield Bond ETF $JNK

North Star Investment Management Corp. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 494.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,210 shares of the exchange traded fund’s stock after purchasing an additional 7,660 shares during the quarter. North Star Investment Management Corp.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $882,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Family Investments Inc. purchased a new stake in shares of SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at approximately $202,974,000. Northwestern Mutual Investment Management Company LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF in the 4th quarter worth $174,978,000. State Street Corp increased its holdings in SPDR Bloomberg High Yield Bond ETF by 14.2% in the 3rd quarter. State Street Corp now owns 12,662,802 shares of the exchange traded fund’s stock worth $1,240,828,000 after acquiring an additional 1,577,119 shares in the last quarter. TD Asset Management Inc acquired a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter worth $80,090,000. Finally, Moulton Wealth Management Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at $38,544,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Up 0.2%

Shares of NYSEARCA JNK opened at $96.40 on Tuesday. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. The company’s 50-day simple moving average is $96.33 and its 200-day simple moving average is $96.68. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $94.49 and a 52-week high of $98.24.

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.