CNO Financial Group Inc. Takes Position in SPDR Bloomberg High Yield Bond ETF $JNK

CNO Financial Group Inc. acquired a new stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 105,500 shares of the exchange traded fund’s stock, valued at approximately $10,262,000. SPDR Bloomberg High Yield Bond ETF makes up 6.3% of CNO Financial Group Inc.’s portfolio, making the stock its 6th largest holding. CNO Financial Group Inc. owned 0.13% of SPDR Bloomberg High Yield Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its holdings in shares of SPDR Bloomberg High Yield Bond ETF by 30.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 21,204 shares of the exchange traded fund’s stock worth $2,021,000 after buying an additional 4,895 shares during the period. Ameritas Advisory Services LLC bought a new position in SPDR Bloomberg High Yield Bond ETF in the 2nd quarter worth $60,000. Cordatus Wealth Management LLC lifted its position in SPDR Bloomberg High Yield Bond ETF by 123.4% during the 1st quarter. Cordatus Wealth Management LLC now owns 12,083 shares of the exchange traded fund’s stock worth $1,151,000 after acquiring an additional 6,675 shares during the last quarter. Parallel Advisors LLC boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 34.6% during the second quarter. Parallel Advisors LLC now owns 2,536 shares of the exchange traded fund’s stock valued at $247,000 after acquiring an additional 652 shares during the period. Finally, Blair William & Co. IL boosted its holdings in SPDR Bloomberg High Yield Bond ETF by 250.8% during the second quarter. Blair William & Co. IL now owns 1,154 shares of the exchange traded fund’s stock valued at $112,000 after acquiring an additional 825 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

SPDR Bloomberg High Yield Bond ETF Stock Performance

SPDR Bloomberg High Yield Bond ETF stock opened at $97.03 on Thursday. The business’s 50-day simple moving average is $97.45 and its 200-day simple moving average is $96.67. The firm has a market capitalization of $8.12 billion, a PE ratio of 19.96 and a beta of 0.42. SPDR Bloomberg High Yield Bond ETF has a 52 week low of $90.40 and a 52 week high of $98.24.

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.