Idaho Trust Co Makes New Investment in SPDR Bloomberg High Yield Bond ETF $JNK

Idaho Trust Co bought a new position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the 3rd quarter, Holdings Channel reports. The fund bought 147,147 shares of the exchange traded fund’s stock, valued at approximately $13,648,000. SPDR Bloomberg High Yield Bond ETF comprises 4.1% of Idaho Trust Co’s holdings, making the stock its 8th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 23.5% during the second quarter. State Street Corp now owns 13,671,856 shares of the exchange traded fund’s stock valued at $1,317,557,000 after acquiring an additional 2,597,336 shares during the period. Assetmark Inc. increased its stake in shares of 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 purchasing an additional 191,636 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of 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 purchasing an additional 424,952 shares during the period. Bank of America Corp DE increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 13.0% in 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 purchasing an additional 97,474 shares during the period. Finally, BLB&B Advisors LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the 3rd quarter worth about $63,764,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

NYSEARCA JNK opened at $93.01 on Tuesday. The stock has a 50-day simple moving average of $93.46 and a 200 day simple moving average of $95.60. SPDR Bloomberg High Yield Bond ETF has a twelve month low of $91.71 and a twelve month high of $98.03. The stock has a market capitalization of $6.28 billion, a PE ratio of 19.96 and a beta of 0.43.

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.