Baird Financial Group Inc. Purchases 1,742 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Baird Financial Group Inc. raised its position in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 39,074 shares of the exchange traded fund’s stock after purchasing an additional 1,742 shares during the period. Baird Financial Group Inc.’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $3,730,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of SPDR Bloomberg High Yield Bond ETF by 134.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,271,978 shares of the exchange traded fund’s stock valued at $222,177,000 after acquiring an additional 8,872,450 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 450.3% during the fourth quarter. Schroder Investment Management Group now owns 841,294 shares of the exchange traded fund’s stock valued at $80,335,000 after purchasing an additional 688,414 shares during the period. Assetmark Inc. boosted its position in shares of SPDR Bloomberg High Yield Bond ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 4,963,622 shares of the exchange traded fund’s stock worth $473,877,000 after purchasing an additional 517,382 shares in the last quarter. LPL Financial LLC grew its stake in shares of SPDR Bloomberg High Yield Bond ETF by 42.4% in the 4th quarter. LPL Financial LLC now owns 1,461,128 shares of the exchange traded fund’s stock valued at $139,494,000 after buying an additional 434,953 shares during the period. Finally, Sei Investments Co. increased its position in SPDR Bloomberg High Yield Bond ETF by 209.7% in the 4th quarter. Sei Investments Co. now owns 439,797 shares of the exchange traded fund’s stock valued at $41,987,000 after buying an additional 297,797 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $94.55 on Friday. The stock’s 50 day simple moving average is $94.47 and its 200 day simple moving average is $95.74. The company has a market cap of $6.42 billion, a P/E ratio of 19.81 and a beta of 0.43. SPDR Bloomberg High Yield Bond ETF has a fifty-two week low of $90.41 and a fifty-two week high of $97.90.

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.