SPDR Bloomberg High Yield Bond ETF $JNK Position Boosted by Tucker Asset Management LLC

Tucker Asset Management LLC raised its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1,398.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,495 shares of the exchange traded fund’s stock after buying an additional 7,928 shares during the quarter. Tucker Asset Management LLC’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 65.7% during the first quarter. Signal Advisors Wealth LLC now owns 18,735 shares of the exchange traded fund’s stock worth $1,793,000 after acquiring an additional 7,428 shares in the last quarter. Everstar Asset Management LLC acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at $6,716,000. World Investment Advisors grew its stake in SPDR Bloomberg High Yield Bond ETF by 31.4% in the fourth quarter. World Investment Advisors now owns 32,946 shares of the exchange traded fund’s stock valued at $3,203,000 after purchasing an additional 7,874 shares in the last quarter. American Family Investments Inc. purchased a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter valued at about $202,974,000. Finally, ESG Planning DBA Harper Investing grew its stake in SPDR Bloomberg High Yield Bond ETF by 10.7% in the fourth quarter. ESG Planning DBA Harper Investing now owns 109,096 shares of the exchange traded fund’s stock valued at $10,605,000 after purchasing an additional 10,580 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Price Performance

Shares of JNK stock opened at $95.27 on Monday. 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 stock’s 50-day moving average is $95.82 and its two-hundred day moving average is $96.12. The firm has a market cap of $6.89 billion, a P/E ratio of 19.96 and a beta of 0.41.

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.