SBI Securities Co. Ltd. raised its position in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 27.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,470 shares of the exchange traded fund’s stock after buying an additional 7,469 shares during the quarter. SBI Securities Co. Ltd.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,197,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of JNK. Brown Lisle Cummings Inc. purchased a new position in shares of SPDR Bloomberg High Yield Bond ETF in the 1st quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $29,000. NFSG Corp raised its stake in shares of SPDR Bloomberg High Yield Bond ETF by 78.3% during the 1st quarter. NFSG Corp now owns 321 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 141 shares in the last quarter. Finally, Eastern Bank purchased a new stake in SPDR Bloomberg High Yield Bond ETF during the third quarter valued at approximately $35,000. 87.54% of the stock is currently owned by institutional investors.
SPDR Bloomberg High Yield Bond ETF Stock Up 0.0%
NYSEARCA:JNK opened at $92.52 on Friday. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $91.71 and a 52 week high of $98.08. The firm has a 50 day moving average of $94.13 and a 200 day moving average of $95.45.
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.
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