162,993 Shares of SPDR Bloomberg High Yield Bond ETF $JNK Bought by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC purchased a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 162,993 shares of the exchange traded fund’s stock, valued at approximately $15,118,000. SPDR Bloomberg High Yield Bond ETF accounts for approximately 4.3% of Silverleafe Capital Partners LLC’s holdings, making the stock its 7th largest position. Silverleafe Capital Partners LLC owned 0.23% of SPDR Bloomberg High Yield Bond ETF as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State Street Corp raised its position in shares of SPDR Bloomberg High Yield Bond ETF by 23.5% during the 2nd quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after buying an additional 2,597,336 shares during the period. Assetmark Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 3.4% in the first quarter. Assetmark Inc. now owns 5,875,122 shares of the exchange traded fund’s stock worth $562,367,000 after acquiring an additional 191,636 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR Bloomberg High Yield Bond ETF by 23.3% in the second quarter. Envestnet Asset Management Inc. now owns 2,246,389 shares of the exchange traded fund’s stock worth $216,485,000 after acquiring an additional 424,952 shares during the period. Bank of America Corp DE increased its stake in SPDR Bloomberg High Yield Bond ETF by 13.0% during the first quarter. Bank of America Corp DE now owns 845,991 shares of the exchange traded fund’s stock worth $80,978,000 after acquiring an additional 97,474 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 4th quarter valued at $80,090,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

Shares of NYSEARCA JNK traded up $0.09 during mid-day trading on Friday, reaching $92.39. 5,530,974 shares of the company’s stock were exchanged, compared to its average volume of 4,110,583. The company’s 50-day moving average is $95.13 and its 200-day moving average is $95.77. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 19.96 and a beta of 0.41. SPDR Bloomberg High Yield Bond ETF has a 52-week low of $91.71 and a 52-week high of $98.08.

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.