SPDR Bloomberg High Yield Bond ETF $JNK Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 41.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,162,905 shares of the exchange traded fund’s stock after selling 1,560,750 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 2.58% of SPDR Bloomberg High Yield Bond ETF worth $209,469,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF during the 1st quarter worth approximately $32,000. Key Financial Inc acquired a new stake in shares of SPDR Bloomberg High Yield Bond ETF during the second quarter worth $34,000. Truvestments Capital LLC grew its position in SPDR Bloomberg High Yield Bond ETF by 73.9% in the 1st quarter. Truvestments Capital LLC now owns 499 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 212 shares during the last quarter. Beacon Capital Management LLC acquired a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter valued at $56,000. Finally, Realta Investment Advisors increased its stake in SPDR Bloomberg High Yield Bond ETF by 38.5% in the 1st quarter. Realta Investment Advisors now owns 615 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Stock Performance

JNK stock opened at $96.76 on Friday. SPDR Bloomberg High Yield Bond ETF has a one year low of $90.40 and a one year high of $98.24. The stock has a market capitalization of $8.10 billion, a PE ratio of 19.96 and a beta of 0.42. The company has a fifty day moving average of $97.45 and a 200-day moving average of $96.59.

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.